Foreign Remittance Certifications
Advisory from ARK also undertakes consultancy and certification services required for making Foreign remittances according to the provisions of section 195 of the Income tax Act, 1961 or as per Double Taxation Avoidance agreements (DTAA) as per the guidelines of Reserve Bank of India (RBI). The services in this category broadly include:
•Suggestions on the applicability of withholding tax on various foreign remittances as per Indian Income tax Act / DTAA.
•Guidance in matters of issuing Foreign Remittance Certificates under the various provisions of the Income Tax Act, 1961.
•Guidance in the Royalty and Technical know-how workings as per Reserve Bank of India (RBI) guidelines and formats and withholding the tax certification on such remittances.
•Seeking of certificates from the International taxation department for non/lower Deduction of tax at source (TDS).
•Representations before International taxation authorities regarding matters arising out of withholding tax on Foreign remittances.
•Offering assistance in other documentation and remittance support and dealing with authorized dealers regarding Foreign remittances.
•Seeking of certificates from the International taxation department for non/lower Deduction of tax at source (TDS).
•Representations before International taxation authorities regarding matters arising out of withholding tax on Foreign remittances.
•Offering assistance in other documentation and remittance support and dealing with authorized dealers regarding Foreign remittances.