We delivers compliant, efficient accounting and taxation services, helping foreign companies manage and grow in India.
M+V Altios provides end-to-end Accounting & Taxation Services designed specifically for foreign companies entering or expanding in India. We ensure complete transparency, accuracy, and compliance so you stay fully in control of your India operations.
Setting up a stable administrative structure in India can be challenging for international businesses. Different regulations, evolving tax rules, and complex statutory requirements can slow down your market entry if not managed well.
New entrants often don’t have the bandwidth or budget to hire senior financial teams. That’s where outsourcing becomes essential. With M+V Altios, you get reliable, compliant, and efficient accounting support—right from Day 1.
We offer comprehensive, modular accounting solutions that meet global reporting standards like GAAP and IFRS.
Bookkeeping & Ledger Management
Accounting as per GAAP / IFRS
Accounts Receivables & Payables
Preparation of Financial Statements (Balance Sheet, P&L)
Direct & Indirect Tax Management
GST, TDS, and Withholding Tax
Transfer Pricing
Tax Filings & Statutory Audits
Support for Internal & External Auditors
MIS Reporting for headquarters
Monthly, quarterly, and annual financial reviews
Coordination with banks, auditors, and consultants
Advisory on financial processes & system setup
Practical answers to the most common questions international companies have when managing finance and accounting operations in India.
According to the Indian finance system, following documents are required for claiming the lower deduction of TDS :
1) PAN copy.
2) Form 10F.
3) PE declaration.
4) Confirmation letter for ITR filing in India
A foreign corporation that has a No Permanent Establishment (No PE) in India, does not have a taxable presence there. Simply put, the business does not comply with the requirements of the DTAA or Indian tax regulations to be considered a Permanent Establishment (PE). Unless the DTAA specifies otherwise, a foreign firm that does not have PE is exempt from paying corporation tax in India on money earned here.
PE can get formed in following scenarios:
Fixed Place PE
A Fixed Place PE may exist if a business has a physical location in India. This refers to a permanent location where important company operations take place, such as an office, factory, or branch.
Project PE
When a foreign business undertakes a project in India, such as building, engineering, or installing new machinery, it is known as a Project PE. A Project PE is typically created if the job takes longer than six to twelve months, depending on the DTAA. Construction projects are one example.
Subsidiary PE
If the parent firm has close control over the subsidiary’s operations, Indian tax authorities may view PE even though the subsidiary is a separate legal entity. This occurs when the parent business exerts influence over the subsidiary’s operations by tying it to and directing it.
Service PE
When its employees perform services in India for a predetermined period of time, a foreign business establishes a service PE. This usually occurs when employees stay for more than ninety days in a year. Employees providing specialized advice or technical assistance are examples.
Agency PE
When a foreign company has an agent in India who consistently closes deals on its behalf, this type of PE arises. PE may exist if the agent is reliant, which means they are not free to act on their own. Salespeople who close deals for a parent company are one example.
The provisions pertaining to the group of taxpayers who must have their accounts audited by a chartered accountant are provided in Section 44AB. The purpose of the audit under section 44AB is to determine whether various sections of the Income-tax Law are being followed, as well as whether other requirements of the law are being met. A tax audit is an examination of the taxpayer’s financial records carried out by a chartered accountant in compliance with section 44AB.
If an individual operating a business has annual sales, turnover, or gross revenues (as applicable) that surpass one crore rupees, they must have their accounts audited. When cash receipts and payments made during the year do not exceed 5% of total receipts or payments, as applicable, the threshold limit for an individual conducting business is raised from Rs. 1 crore to Rs. 10 crores.
If an individual’s gross professional receipts for the year surpass Rs. 50 lakhs, they must have their accounts audited.
If your yearly turnover exceeds ₹5 crores, we have to comply with the GST audit.
Individuals and businesses that receive income from non-resident nations must file Form 10F in order to be eligible for the advantages of a Double Taxation Avoidance Agreement (DTAA). Form 10F must be submitted in order to be eligible for DTAA benefits.
A gratuity is a payment made by an employer to a long-serving employee as a thank you for their service, usually upon retirement or resignation after a predetermined amount of time (commonly five years). In certain nations, like India, it is required by law and is regulated by particular statutes, such as the Payment of Gratuity Act, 1972. In essence, it’s a retirement benefit, a monetary compensation for a worker’s commitment to the company.
Any assessee whose projected tax due for the fiscal year exceeds Rs 10,000 is liable to pay advance tax under section 208 of the Income Tax Act. This clause is applicable to all taxpayers, including enterprises, freelancers, and salaried persons.
The sum received on the application for which allotment has not yet been made is referred to as Share Application Money Pending Allotment.
In India, employers and employees contribute a portion of their salaries to a fund run by the Employees’ Provident Fund Organization (EPFO) as part of the Employees’ Provident Fund (EPF), a retirement savings plan. This fund can be taken upon retirement or in certain situations, and it grows with interest. This government-sponsored initiative aims to give workers financial stability in their post-retirement years.
In case of import of Services, Foreign Companies may still be subject to Indian taxes on Income deemed to accrue or arise in India. This includes income from services, royalties, dividends, and more. Additionally, as per Section 115A of the Income tax Act, a non-resident is exempt from filing an income tax return in India only if withholding taxes are deducted as per the Income tax Act. If the withholding is done according to the DTAA (Lower tax rate), this exemption does not apply, making it mandatory for the non-resident to file a tax return in India.
To navigate the complexities of Indian tax laws, it is crucial for foreign entities to have need for filing Income tax return, obtaining Tax Residency Certificate (TRC), the requirement to file Form 10F.
Further, to file ITR in India, Foreign entity must have PAN Number (Unique Tax Identification number) in India. Benefit of taxes paid in India by Foreign entity can be availed in the residence country to avoid double taxation as per DTAA.
Write to us at info@maiervidorno.com, or
Fill the form below and we will get back to you shortly.
