What are requirement to apply PAN Card in India for foreign company having plant in India?

[Guest]

What are the requirement to apply the PAN card in India for foreign company having plant in India to transfer license fee and what would be the tax?

[Mayank Srivastava]

Dear Mr. Shetty,

Requirement for a Foreign Company for getting PAn Card in India is :

"Copy of registration certificate of the respective country duly attested by Indian Embassy/ Consulate/ High Commission/ Apostille in the country".

If you dont have PAN of a Foreign Company then you are required to deduct TDS @ 20%, else provisions for deducting TDS should be considered.

For the remittance of fees, you are required to fill the Form 15CA & 15CB from a Practicing Chartered Accountant.

Regards,

Mayank

AI Summary

PAN requirement for foreign companies: failure to obtain PAN triggers higher TDS and requires Form 15CA and 15CB for remittances. A foreign company seeking a PAN must supply its registration certificate duly attested by an Indian mission or apostille. If the foreign entity lacks a PAN, payers in India must apply higher withholding under TDS rules. For remittance of license or technical fees, the remitter must file Form 15CA and obtain a Form 15CB certificate from a practising chartered accountant prior to payment.