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International Taxation 2018-06-22T04:48:35+00:00

International Taxation

The international aspects of income tax laws are termed as international taxation. It includes taxation of Resident Individuals and Corporations on income arising in foreign countries and taxation of Non residents and Foreign Companies on income arising in India.

India has comprehensive Double Taxation Avoidance Agreements with various countries. The rate on which tax will be charged on international transactions depends upon the terms of the treaty (DTAA) with such other country.

Conseltex helps in determining the taxability of such international transactions and brings to you whole range of services in the matter of International Taxation ranging from Advance Ruling applications for Non-Residents & Foreign Companies, NRI Taxation, Advice on withholding taxes, Transfer Pricing etc. Our network of professionals has the resources, experience and competencies to help companies address all the aspects of their cross-border needs.

International Taxation Services

Advance Ruling

Advance Ruling means pre – determination of tax liability in relation to an activity which is proposed to be undertaken by a non-resident setting up a venture in India or a foreign company which proposes to undertake any business activity in India. Conseltex enables applicants to make applications for obtaining Advance Ruling in the manner prescribed by law.

Advance Ruling

Advance Ruling means pre – determination of tax liability in relation to an activity which is proposed to be undertaken by a non-resident setting up a venture in India or a foreign company which proposes to undertake any business activity in India. Conseltex enables applicants to make applications for obtaining Advance Ruling in the manner prescribed by law

Form 15CB

Form 15CB is the Tax Determination Certificate issued by a CA after examining the taxability of the foreign remittances with respect to the provisions of the Income Tax Act and Double Tax Avoidance Agreements with the Recipient’s Residence Country. Form 15CA and 15CB are furnished electronically and our experts can help you in preparation and submission of such forms easily.

Form 15CB

Form 15CB is the Tax Determination Certificate issued by a CA after examining the taxability of the foreign remittances with respect to the provisions of the Income Tax Act and Double Tax Avoidance Agreements with the Recipient’s Residence Country. Form 15CA and 15CB are furnished electronically and our experts can help you in preparation and submission of such forms easily.

DTAA

DTAA means Double Taxation Avoidance Agreement. While determining the taxability of income arising in India to Non-residents or Foreign Companies, it is essential to refer to the DTAA with that country, if any, and calculate taxes in accordance with the terms of that agreement. VenturEasy experts assist in determination of correct tax liability after carefully understanding the terms of DTAA.

DTAA

DTAA means Double Taxation Avoidance Agreement. While determining the taxability of income arising in India to Non-residents or Foreign Companies, it is essential to refer to the DTAA with that country, if any, and calculate taxes in accordance with the terms of that agreement. VenturEasy experts assist in determination of correct tax liability after carefully understanding the terms of DTAA.

Transfer Pricing

Conseltex provides Transfer Pricing services for effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprises or group companies. We assist in preparing Transfer Pricing Reports which is to be furnished on or before the filing of the income tax return which is 30th November following the end of the financial year.

Transfer Pricing

Conseltex provides Transfer Pricing services for effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprises or group companies. We assist in preparing Transfer Pricing Reports which is to be furnished on or before the filing of the income tax return which is 30th November following the end of the financial year.

NRI Taxation

If you are an NRI (Non Residential Indian), you are only liable to pay taxes for the income that is earned in India. There are various sections under Income Tax, Service Tax and FEMA, which directly impact the taxation issues of NRI’s.

NRI Taxation

If you are an NRI (Non Residential Indian), you are only liable to pay taxes for the income that is earned in India. There are various sections under Income Tax, Service Tax and FEMA, which directly impact the taxation issues of NRI’s.

Withholding Taxes

Withholding taxes are required to be deducted by the person making payment to a Non-Resident or Foreign Company in respect of any sum taxable under the provisions of the Income Tax Act. Such tax has to be deducted at rates prescribed under relevant Finance Act or at the rates prescribed in Double taxation avoidance agreement (DTAA), whichever are beneficial to the assesse.

Withholding Taxes

Withholding taxes are required to be deducted by the person making payment to a Non-Resident or Foreign Company in respect of any sum taxable under the provisions of the Income Tax Act. Such tax has to be deducted at rates prescribed under relevant Finance Act or at the rates prescribed in Double taxation avoidance agreement (DTAA), whichever are beneficial to the assesse.

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