As I get to learn that after an Apostille certification(As Both India and US are members of the Hague Apostille Convention) an American Company can have a business current account in India. My main question is would the company which has a bank account here be taxable. If taxable what would be the rates? Provided:
- The company won't have direct/indirect business transactions in any part of the country.
- The company is web based which operates websites, develops mobile apps which are available throughout the world.
- The company is controlled by Indians who are residents.
- The company would be having the structure of an LLC registered in Nevada, US.
CAclubindia
