Income tax Return

  Form 15CA and 15CB ‍     Income Tax compliance in India is a cumbersome procedure involving computation of tax liability and filing of prescribed forms.   One such form which is required at the time of remittance of money outside India is filing of Form 15CA and 15CB .   Although normal tax assessee’s might not have heard about Form 15CA and 15CB, however, any person making remittances outside India are quite conversant about these forms.   This article will help you understand what these forms are, and when these forms are required to be filed.   At the time of remittance of money outside India, the authorized bank asks for filing of these two forms besides other documents from the taxpayer in order to ensure smooth transfer of money outside India.   What is Form 15CA?   Form 15CA is a declaration form used to declare that proper taxes has been deducted from the foreign remittance made by the person responsible for it before remitting the amount.

FOREIGN COMPANY REGISTRATION IN INDIA India has become one of the fastest developing economies of the world in the recent years which has resulted in more and more countries and companies across the world, interested in doing business in India and business with India. Also, India provides many options of setting up business in India by foreign companies and foreign nationals. Some of the options of Foreign Company Registration in India are given below: 1)       Business set up in India in the form of Incorporated   entities i.e. Private limited company , Limited Liability Partnerships, Joint Ventures etc. 2)       Business set up in India i n the form of unincorporated entities like Branch office, Liaison office and Project office. The types of entities as mentioned above, depends upon the nature of business of the foreign entity as well as long term business goals and vision of the foreign company. Whatever may be the type of entities, some of the common problems faced