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Yes.
Even a US company would need a PAN card number from India even this US corporation does not have a presence or office in India.
As per new rules of Indian income tax department all international firms doing business with Indian companies would need to get a PAN number so that their invoices get paid in time and their with holding tax liability goes down.
For more information you can always check:
http://www.pancardnri.com/company.html
Cheers
Shay
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What is a receivable in accounting?
Accounts receivable outsourcing is a process that allows small businesses to sell their accounts receivables and other invoices to an external financing company. The financing company gets the invoices at a reduced price and when the due date arrives, it collects cash from your customers at the price stated on the invoice. The financing company can choose to collect the money by itself or seek the services of a money collection service. That way, it is able to make money from the purchased invoices. There are many Accounts Receivable Outsourcing Services in USA that have helped many small business to stay afloat by availing funds owed in a shorter period of time. As a result, the smaller business gets ready money to restock or run its activities. The process of Accounts Receivable Outsourcing Services in USA begins early with a process known as image capture. In this process, the financing company uses different recording techniques in recording and analysing business transactions. The company indexes transaction documents such as purchasing orders and delivery notes by recording information such as name, date, particulars of the transaction and the invoice number. The company then stores this information digitally so that it can be retrieved with ease. Whenever the information is needed, the company can retrieve it from a computer. The next step that Accounts Receivable Outsourcing Services in USA take is to scan the Proof of Delivery which is popularly known as POD. The financing company ascertains the signatures on the POD to ensure that the customer actually received the goods. After this, the company concentrates on the creation of invoice statement and when the due date arrives, it initiates the process of collecting cash from debtors. The accounts receivable outsourcing company focuses on good relationship with the clients while at the same time trying to collect money in the shortest time possible. There are outsourcing companies that develop customized solutions to handle their regular customers. The solutions are based on the relationship that the company has with their customers. In addition, the strategies put in place are dependent on the policies of the company. As long as the situation allow, the financing company makes payments arrangements that are convenient for both the company and the debtor. It is also important to note that American accounts receivable financing company’s do Outsource accounts receivable services to India. Similar process applies as when the company is operating in the USA. And when the time to repay the invoice arrives, the company sends out phone calls and letters requesting that the invoice be settled.
Can you open the RBI current account for company?
RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.
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A permanent retirement account number given to pensioners in India. The number is given by the agency PFRDA.
What is a TAX payer's identification number in India?
It would be the same as for any other country. Each person liable to pay tax in India will be issued with a unique number, by means of which the tax system of India can identify the individual and track that individuals tax liability and payments over their lifetime.
What is ABA no of state bank of India?
ABA-American Bankers Association Routing Number. Its not applicable in India and hence SBI does not ABA routing Number. However ABAs of State Bank of India in US: SBI, California : 1220-3934-4 SBI, Newyork: 0260-0914-0
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state bank of India
What is the full form of PAN in PAN India?
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How get registration number of company secretaries from institute of company secretaries of INDIA?
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Can you please have someone help you retype the question, i just do not understand your English.
What is the minimum number of directors and shareholders required to register a Private Limited Company in India?
The minimum number of directors required to register a Private Limited Company in India is two, and the minimum number of shareholders required is also two. The same individuals can be both directors and shareholders. The maximum number of shareholders allowed in a Private Limited Company is 200.
What are facts about British East India Company?
There are a number of links below on the British East India Company. The Wikipedia article is probably most reliable, but the others may help if you check the information.
What trading company controlled India?
The British East India Company controlled India.
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Which is the 1st IT company in India?
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