Tax Liabilities for Non Resident company in India

Dear All,


One of our client (in Russia) want to start a business in India (Energy Audit in Oil & Natural Gas Sector). they had signed a contract with one of the Indian Company. I want to know the following things:

1) How much TDS deductible by the resident company 10% or 20%??

2) Is the company need to apply PAN?

3) What will be the income tax rate for the non resident company?

4) How they can save taxes?

5) if they register a company in India what is the procedure and how could they bring their money back to their country?

Replies (1)
Originally posted by : Rajesh Prasad


Dear All,

One of our client (in Russia) want to start a business in India (Energy Audit in Oil & Natural Gas Sector). they had signed a contract with one of the Indian Company. I want to know the following things:

1) How much TDS deductible by the resident company 10% or 20%??

10.5575% if the RussianCo. obtains PAN and 20% otehrwise.Alsoi the rate might change if Russian Co. forms a PE in India.

2) Is the company need to apply PAN?
Yes otherwise TDS shall be deucted @ 20%


3) What will be the income tax rate for the non resident company?
10.5575% if PAn obtained in India.


4) How they can save taxes?
There are ways which can't be discussed in public forum.


5) if they register a company in India what is the procedure and how could they bring their money back to their country?

They can register a P.Ltd. Company in India and start operations.

 

 

Anuj

0-9810106211

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