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TMI BlogForeigner income taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear respected sir Our company's owner is Korean, he has business visa for 15 years. he doesn't have citizenship. His FRO finished 2008. and not renewed for a long time. We don't have any branch, headquarter, only one company in India. In this case, are we foreign controlled company or local company? or both of them? I For 4-5 years, so many Korean gerneral manager, engineer is came to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India, and some people took the registration FRO properly. But some people didn't take the registration FRO and go back to Korea after 3months, or 1 year. I'm also Korean and got the business visa for 2 years. I don't receive any salary in india, but I have been working here for 2 years. Even I didn't get any money in India, but I pay income tax . But before lots of Korean worker came to our ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company for working, he didn't pay income tax and sometimes didn't take the FRO registration neither. (all people didn't get salary from India, get from Korea) In this case, is it any problem if income tax audit is started? Better do we have to put all salay amount for before workers in our balance sheet as a salary payable amount and pay income tax right now?? - Reply By pradeep khatri - The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply = You Need An Exit Visa. If you are in India on a valid visa which hasn t expired then you do not need to get an Exit Visa. However, if your visa has expired then you need to go to the local FRRO and apply for an Exit Visa. If you try and leave the country with a visa that has expired even by a day you will be turned away at Immigration and not allowed to leave. To get an Exi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Visa you need to go to the local FRRO office and apply. You will be charged a fee, which varies depending on which country you are from, it can range from a couple of hundred Rupees to thousands of Rupees if you are from the UK or Israel. If you are on an Employment Visa and waiting for your Visa Extension to arrive (which never happens), you will need an Exit Visa when you leave the country f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the last time or if you have used up your allowance of two Return Visa s. To get an Exit Visa when you came on an Employment Visa you need to submit the same documents as for the Visa Extension and Return Visa s. Since you only pay for your Extension Visa when it arrives, if you apply for an Exit Visa you will be asked to pay the full cost of the Extension Visa. Be warned, they are very par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ticular about the tax and TDS statements so ensure they are all up to date for the most recent financial year. The documents you will need to submit are: Application Form Original Residence Certificate Contract extension letter from the company TDS Statement (for all years up to the previous financial year) Photocopies of passport photo page Photocopies of visa to be renewed Photoc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opies of PAN card Two passport sized photos Proof of residence Exit Visa s are usually processed the same day, regardless of the Visa type you are on. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Salary Requirements For Employment Visa In September 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 the Indian Interior Ministry changed the requirements for issuing Employment Visa s to foreigners. All foreign workers must earn the equivalent of $25,000 per annum in order to be considered for an Employment Visa. If an employment visa was issued prior to September 2010 it is still valid until it expires. However if you try to renew your Employment Visa and don t meet the salary requirements ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... then it will get rejected and you will be asked to leave India. It does not matter how long you have already been here for and doesn t matter what type of job you are doing, you must earn the equivalent of $25,000 to get a new, or renew an existing, Employment Visa. - Foreigner income tax - Query Started By: - yujin kim Dated:- 18-8-2011 Income Tax - Got 1 Reply - Income Tax - Discussion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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