We have extensive experience in developing optimal tax structures for both inbound investments and outbound investments. The structuring of inbound and outbound investments starts with an understanding of expansion plans and objectives of the business. And, then a careful analysis of the applicable tax rules and rates for the home country and foreign jurisdictions is required.
- Agriculture – 100%
- Plantation Sector – 100%
- Mining of metal and non-metal ores – 100%
- Mining – Coal & Lignite – 100%
- Food Product Retail Trading – 100%
- Broadcasting Carriage Services (Teleports, DTH, Cable Networks, Mobile TV, HITS) – 100%
- Broadcasting Content Service – Up-linking of Non-‘News & Current Affairs’ TV Channels/ Downlinking of TV Channels – 100%
- Airports – Greenfield – 100%
- Airports – Brownfield – 100%
- Air Transport Service – Non-Scheduled – 100%
- Air Transport Service – Helicopter Services/ Seaplane Services – 100%
- Ground Handling Services – 100%
- Maintenance and Repair organizations; flying training institutes; and technical training institutions – 100%
- Construction Development – 100%
- Industrial Parks – new and existing – 100%
- Trading – Wholesale – 100%
- Trading – B2B E-commerce – 100%
- Duty-Free Shops – 100%
- Railway Infrastructure – 100%
- Asset Reconstruction Companies – 100%
- Credit Information Companies – 100%
- White Label ATM Operations – 100%
- Non-Banking Finance Companies – 100%
- Pharma – Greenfield – 100%
- Petroleum & Natural Gas – Exploration activities of oil and natural gas fields – 100%
- Petroleum refining by PSUs – 49%
- Infrastructure Company in the Securities Market – 49%
- Commodity Exchanges – 49%
- Insurance – 49%
- Pension – 49%
- Power Exchanges – 49%
India is one of the top Country in terms of foreign investment destination. To invite and encourage Foreign Direct Investment in India (FDI), the process of regulation and approval has been substantially liberalized. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI.
FDI can be divided into two broad categories – Investment under automatic route and investment through prior approval of Government.
A procedure under automatic route:
FDI in sectors/activities to the extent permitted under automatic route does not require any prior approval either by the Government or RBI. The investors are only required to notify the Regional office concerned of RBI within 30 days of receipt of inward remittances and file the required documents with that office within 30 days of issue of shares to foreign investors.
Procedure for Government approval:
FDI in activities not covered under the automatic route requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB. For detail of project under Automatic Route and Government Route.
Following documents are required for APEDA Registration:-
- Application form for APEDA Registration duly filled, sealed and signed by an authorized signatory
- Self-certified copy of Import-Export code (IEC) issued by D.G.F.T.
- Bank Statement for latest 2 months
- A cancelled cheque
- List of Directors or Partners or Proprietor on company’s letterhead in triplicate
- Private Limited Company(s) or Public Limited Company(s) or Co-operative Societies should forward a copy of their Memorandum and Article of Association and Partnership firms should forward a copy of partnership deed attested by Notary
- Self-certified copy of PAN issued by IT Department
- The company has to compulsorily mention their e-mail ID, phone and fax number etc. in their application
- If the exporter desires to register as Manufacturer Exporter, they should furnish a self-attested copy of the registration of the company with the relevant certification agencies to ascertain the manufacturing status of the exporter for the products mentioned below:-
The Agricultural and Processed Food Products Export Development Authority was established by the Government of India for the development and promotion of export of scheduled products. And, this was established under the APEDA Act passed by the Parliament in December 1985. The APEDA Act came into effect on 13th February 1986 by a notification issued in the Official Gazette of India. The APEDA Authority replaced the Processed Food Export Promotion Council. Under APEDA only License is required and there are no return filing requirements.
As per sec. 12(1) of APEDA Act, 1985, every person who is exporting any Scheduled product(s) shall, before the expiration of one month from the date on which he undertakes such export or before the expiration of 3 months from the date of coming into force of this section, whichever is later, apply to Authority to be registered as an exporter of the Scheduled product or Scheduled products. However, the authority may extend the time-limit for registration by such period as it thinks fit for sufficient reason. APEDA Registration once made shall continue to be in force until it is cancelled by the Authority.
For APEDA Registration, you can contact professionals through CAONWEB.
TDS (Tax Deducted at Source) is a form of indirect tax collected by the revenue authorities of the Indian government as per the Income Tax Act 1961. This tax is usually collected at the time of generation of income or rather at the time of making payment. Tax is deducted and remitted to the account of Indian government by the person making the payment. This tax is deposited on behalf of the person receiving the payment. TDS is based on the concept of ‘Pay as you earn’. To provide the benefit of tax deducted to the person receiving the payment, it is mandatory to file a TDS Return by the deductor.
The whole concept of TDS deduction, collection, deposit and return filing is regulated by an authority called CSEB in India. It has provided certain guidelines for the same and impose the penalty when they are breached.
TDS is applicable on any type of Income, whether it is regular or occasional income like salary, commission, interest, rent, contractual, professional, etc.
TDS is deducted at a specific percentage by the deductor. If an excess TDS is deducted the payee can claim the refund of it by filing income tax return. The percentages applicable to the different type of income are given below:
TDS is deducted on the mixed calculation of threshold limit and percentages. There are certain threshold limit which if crossed while making payment, it becomes mandatory for deductor to deduct TDS before making the payment. For example: if the interest income is more than Rs. 5000, deductor will deduct TDS @ 10% on total interest income.
Our team at CA ON WEB helps the deductor with such calculations and return filing.
There are various types of TDS returns which are needed to be filled according to the nature of payment made. Following are the forms which are required to be filed.
- Form 24Q: This is required to be filed when there is payment of salary by the deductor. It contains the detail information of salary paid and credited to the account of the employee along with the TDS deducted and payment details of the same.
- Form 27Q: This form is filed when the deductee is a non-resident foreign company. Any payment made to them and TDS Deducted on it is reported in this return.
- Form 26QB: This return is to be filled if any payment is made for the transfer of any immovable property.
- Form 26Q: This form is filed for any other case like interest payment, commission payment, professional fees payment, contractual payment etc.
We provide the expert services of filing the TDS return, validating and generating Form 27A and further depositing it to the concerned department within due dates.
Due dates for submission of TDS returns are mentioned below: