Business PAN Card

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Business PAN card is meant for any Business Incorporated Outside India. various forms of Business can be a Company, a Partnership, a HUF and a Trust. Although trust is not a Profit driven Business form but it is included under Business PAN card. All the above mentioned forms of Business are generally governed by the laws of their respective countries

Why do any Business registered outside India need a PAN card in India?

Indian Income tax laws do not allow any Indian Resident/ companies to make payment to any Person/ Business registered outside India without deducting/ withholding taxes in India. Taxes are generally withheld on the PAN of the respective person. So, withholding tax is a total waste if any person do not hold PAN card. Once the taxes are withheld, any Business entity registered outside India can claim benefit of taxes withheld but only if they hold Indian PAN card.

Is there any Relief in tax withholding rate with the PAN card?

Unavailability of PAN at the time of tax withhoding attracts deduction at Higher rate. Yes, there is Relief in tax withholding rate if one hold Indian PAN card.

For more detailed Information, you can write into us at info@eindiatax.com

Disclaimer :

This disclaimer is applicable to this website managed by Parsh tax Solutions LLP. By using or accessing this website you agree with the terms and conditions in this disclaimer. This website may contain hyperlinks to websites that are not managed by Parsh Tax Solutions LLP. Parsh Tax Solutions LLP does not accept any responsibility for the content, the availability or the quality of offers made on external websites. ApplyPanIndia.com is just a website that assist Indians or Foreign Nationals residing Outside India to get PAN card In India. This is not a Government Website. We are Private agents managing this website and providing assistance for PAN card Application for Business Benefits. Although the greatest possible care has been exercised to ensure the correctness and completeness of the information provided on this website, Parsh Tax Solutions LLP does not accept any liability for it.

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