Apply Pan India

Apply Pan India

Company PAN

What is PAN Card?

PAN Permanent Account number is a unique Ten Digit Alphanumeric number issued by Income Tax department in the form of Laminated card. It is like a Social Security Number (SSN) issued to Residents of US. It is better known as Indian tax Number.

What is Foreign Company?

Every company "Incorporated Outside India" is better known as Foreign company as per Indian laws. With the Increase in Business opportunities, large number of foreign companies are exploring Indian markets with the aim of reaping some benefits from Business perspective.

Why do Foreign Companies need PAN card?

Section 195 of Income Tax Act keep it mandatory for all person responsible for making any payment to foreign company shall deduct tax at source before making any such payment. Income tax Act also specify to deduct taxes at higher rate if the foreign company do not have Indian PAN card.

Alternatively, Income Tax Act, 1961 mandates all companies "Incorporated Outside India" and generating any Income from Indian sources to have PAN card.

Claiming Withholding Taxes in India

Any foreign company holding Indian PAN card can also claim benefit of all taxes withheld in India by filing taxes in India. Indian Income tax return is a proof of all taxes paid in India, so that Income generated from India may not lead to Dual taxation.

Please do write into info@eindiatax.com to get our quote for PAN card processing in India. You can Visit www.eindiatax.com or you can also drop an e-mail at info@eindiatax.com if you have any queries regarding Indian taxes or tax withholding Issues.

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