Foreign subsidiary companies are obligatorily required to keep up compliance according to Income Tax Act, Companies Act, exchange estimating rules and FEMA rules. Henceforth, keeping up compliance for a foreign subsidiary company would incorporates recording of income tax come back with the Income Tax Department, yearly come back with the Ministry of Corporate Affairs and different filings with specialists like Reserve Bank of India or Securities and Exchange Board of India (SEBI). At long last, similar to all companies, foreign subsidiaries would likewise need to comply with other Indian tax regulations like TDS regulations, GST regulations, VAT/CST regulations, Service Tax regulations, ESI regulations and others. The compliance requirement for a foreign subsidiary company would vary based on the industry, state of incorporation, number of employees and sales turnover.
MaxBusiness is the leading business service provider and Corporate compliance consultant in India with domain experts SEBI compliance consultants, RBI Compliance Consultants, International tax consultants, Company secretaries, Chartered Accountants and lawyers providing varied services to our wide range of foreign and Indian clients. We can enable you to keep up compliance of your foreign subsidiary company. Get a free meeting for foreign subsidiary compliance support through MaxBusiness a meeting with our Advisor at 01149095741/ 41101741.