{"id":5053,"date":"2018-05-15T12:43:37","date_gmt":"2018-05-15T10:43:37","guid":{"rendered":"https:\/\/www.octagona.com\/?p=5053"},"modified":"2025-05-29T15:27:27","modified_gmt":"2025-05-29T15:27:27","slug":"india-what-is-the-tax-procedure-for-nonresident-companies-operating-in-the-market","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/india-qual-e-la-procedura-fiscale-per-le-aziende-non-residenti-che-operano-nel-mercato\/","title":{"rendered":"India: what is the tax procedure for nonresident companies operating in the market?"},"content":{"rendered":"<p style=\"text-align: justify;\"><b>India<\/b><span style=\"font-weight: 400;\">, year after year, <\/span><b>becomes increasingly important in the global economy<\/b><span style=\"font-weight: 400;\"> and, thanks to the<\/span><span style=\"font-weight: 400;\">the launch of a series of government reforms aimed at making the country increasingly \u201cbusiness-friendly\u201d and open to international investors,<\/span><b> The number of companies that entered the market<\/b><span style=\"font-weight: 400;\"> to do business with you <\/span><b>has increased considerably<\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p style=\"text-align: justify;\"><b>In <\/b><b>India has a large number of companies <\/b><span style=\"font-weight: 400;\">From all over the world: <\/span><b>many<\/b><span style=\"font-weight: 400;\"> among them <\/span><b>Do not have direct locations but have business relationships<\/b><span style=\"font-weight: 400;\"> with local counterparts. Precisely for these types of companies offering their products and services in the Indian market. <\/span><b>It is essential to be aware of the regulations, obligations, and procedures that characterize tax payments.<\/b><span style=\"font-weight: 400;\"> On revenues made in Indian territory. <\/span><\/p>\n<p style=\"text-align: justify;\"><b>An important new development that recently took effect<\/b><span style=\"font-weight: 400;\"> in the country, it concerns\u2019<\/span><b>Obligation to file tax returns also for foreign companies\/non-resident individuals <\/b><span style=\"font-weight: 400;\">which are <\/span><b>in possession<\/b> <b>of the PAN number <\/b><span style=\"font-weight: 400;\">(Permanent Account Number) and who have received money for the sale of their services in India in the fiscal year 2017\/2018 (the PAN, for those who are not aware, is a 10-digit alphanumeric code, issued by the Indian Income Tax Department, useful for tracking all transactions of those operating in India from a tax perspective and an indispensable tool for a company that wants to do business in India). \u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Under such legislation, the taxpayer is responsible for paying taxes on income earned in India.<\/b><span style=\"font-weight: 400;\"> (and therefore has the obligation to file the tax return) <\/span><b>but you will not have to pay additional taxes<\/b><span style=\"font-weight: 400;\">, as TDS (Tax Deduction at Source) will have already been deducted by the Indian client at the time of payment. The same client will then be responsible for notifying the Indian tax authorities of this deduction, specifying the PAN of the non-resident taxpayer. Subsequently, the Indian authorities will conduct a check to verify the regularity of the entire process: in case of any problems, the local tax office will send a notification to the foreign company, specifying that legal action may be taken if tax returns are not filed. <\/span><\/p>\n<p style=\"text-align: justify;\"><b>India <\/b><b>a market that cannot be called simple and deserves detailed analysis before approaching<\/b><span style=\"font-weight: 400;\">. It is precisely by virtue of these reasons <\/span><b>It is advisable to rely on experts who know the subcontinent well<\/b><span style=\"font-weight: 400;\">: <\/span><a href=\"https:\/\/octagona.com\/en\/\" target=\"_blank\" rel=\"noopener\"><b>Octagona<\/b><\/a><span style=\"font-weight: 400;\">, thanks to its direct offices in New Delhi, Pune and Bangalore and its team of Italian and Indian experts, <\/span><b>can you provide<\/b><span style=\"font-weight: 400;\"> whether the service related to obtaining the <\/span><b>PAN<\/b><span style=\"font-weight: 400;\"> both that relating to the preparation of the <\/span><b>tax return<\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><strong>If you want to know more about our activities, please contact<\/strong> the telephone number <\/span><b>059.9770184<\/b><span style=\"font-weight: 400;\"> or send an e-mail to the address<\/span> <a href=\"mailto:octagona@octagona.com\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">octagona@octagona.com<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">you will receive all the information you need.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>L\u2019India, anno dopo anno, diventa sempre pi\u00f9 importante nell\u2019economia globale e, grazie all\u2019avvio di una serie di riforme governative volte a rendere il Paese sempre pi\u00f9 \u201cbusiness friendly\u201d e aperto agli investitori internazionali, il numero di aziende che ha effettuato il proprio ingresso nel mercato per farvi business \u00e8 aumentato in maniera considerevole. In India [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary octgn-read-more-link\" href=\"https:\/\/octagona.com\/en\/india-qual-e-la-procedura-fiscale-per-le-aziende-non-residenti-che-operano-nel-mercato\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[19],"class_list":["post-5053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internazionalizzazione-imprese","tag-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India: la procedura fiscale per le aziende | Octagona Srl<\/title>\n<meta name=\"description\" content=\"Aziende non residenti in India ma che operano nel mercato indiano: scopri i procedimenti fiscali per non sbagliare\" 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