Ongoing Tax Compliance

Overview

Foreign remittance tax compliance in India involves navigating complex provisions of the Income Tax Act, particularly those relating to withholding tax obligations on cross-border payments. Non-compliance with foreign remittance tax regulations can result in significant penalties, disallowance of expenses, and complications in fund transfers through banking channels.

How BDO India Can Help

• Combining deep tax knowledge and extensive experience, our foreign remittance TDS experts offer the following services: Advice on withholding tax implications on domestic and cross-border transactions
• Assistance in documentation relating to foreign remittances and foreign remittance TDS compliance
• Providing technology-enabled tools, maintaining a tracker of ongoing litigations, issuing Form 15CA/CB, and managing Y-o-Y tax positions of the company