Ebizfiling India Pvt Ltd

      Introduction     In accordance with the Companies (Incorporation) Amendment Rules, 2020 MCA has taken a step to speed up online company registration in India to encourage the ease of doing business. The Ministry of Corporate Affairs (MCA) introduced SPICe+ Form and all the connected forms on February 23, 2020, replacing the current SPICe Form and all linked forms with a variety of services to be provided under a single application. This is applicable to all new Indian Subsidiary Company starting from February 23, 2020.     Characteristics Of SPCIe+ Forms     The following are the important characteristics of SPICe+ Form:   It is a web-based form that is divided into two parts one is PART A for the name approval and PART B for the incorporation application.              The applicant has the flexibility to apply for either only PART B for name approval and incorporation or...

    Introduction     The question is whether a foreign company has to pay taxes in India or not. The answer is Section 139(1) of the Income Tax Act, 1999 in India which describes who should file a tax return. Every business must submit its annual tax return within the time frame. The definition of a foreign company incorporated outside India is covered under section 2 (42) of the Companies Act, 2013. So every online company registered in India as a subsidiary company also has to comply with the filing of income tax returns.   A foreign company is a non-resident company that will only be taxed on income received, accumulated, or arising in India, a company having residential status in India will be taxed on all of its worldwide income, whether earned in India or outside India. Every foreign company that establishes operations in India is regarded as an Indian Subsidiary Company , so compliance with income tax laws is crucial for foreign businesses. But before le...