How can a Foreign Company apply for a PAN Card Number in India?

As per the Indian government rules all foreign companies and organizations, are required to obtain a permanent account number (PAN Number) from the Income Tax Authorities of India. According to what has been specified in section 206AA which was inserted by the Finance (No.2) Act, 2009, it has been clearly stated that all foreign parties whether an individual companies or partnerships or any kind of entity who receive payment from the Indian companies after the period of 1^st April 2010 is expected to get their pan to the Indian party which is remitting that payment.

Need to apply for Company PAN, visit: www.PanCardNri.com/company.html

If the Company PAN Number is by any chance not provided to the Indian party with whom transactions are made then the Indian party is expected to deduct the tax on the foreign payment at the highest value of the rates >> READ FULL STORY