Navigating Tax Compliance for Company Setup in India

Tax compliance is a critical aspect of setting up a business in India, especially for foreign companies from Turkey, UAE, Saudi Arabia, Japan, and South Korea. At BGA Advisory, we ensure your company setup in India is compliant with all tax regulations. Here’s a guide to navigating India’s tax landscape.

Key Taxes for Foreign Companies

Understanding India’s tax system is essential for a successful new business setup in India. The main taxes include:

• GST (Goods and Services Tax): A unified tax on goods and services, with rates ranging from 0% to 28%.
• Income Tax: Corporate tax rates are 25% for domestic companies and 40% for foreign companies, subject to treaties.
• TDS (Tax Deducted at Source): Applicable on payments like salaries, professional fees, and rent.

Compliance Requirements

To ensure compliance during company setup India, businesses must:

• Register for GST if annual turnover exceeds ₹20 lakh.
• File monthly/quarterly GST returns and annual Income Tax returns.
• Maintain proper accounting records for audits.

Challenges and Solutions

Foreign companies often face challenges like understanding tax treaties or navigating SEZ incentives. BGA Advisory provides tailored solutions, including GST registration, return filing, and treaty optimization, to minimize company setup cost in India and ensure compliance.

Why Choose BGA Advisory?

Our team of CAs and tax experts simplifies tax compliance for business to set up in India. We handle everything from registration to filings, allowing you to focus on growth. Trusted by businesses in Turkey, UAE, Saudi Arabia, Japan, and South Korea.