# foreigncompanies
1 posts in `foreigncompanies` tag
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CBDT’s New Form 49C Rules: Stricter Tax Compliance for Non-Residents in India
Stricter guidelines have been implemented by the Central Board of Direct Taxes (CBDT) for foreign nationals submitting Form 49C in India. Enhancing openness and guaranteeing adherence to tax regulations are the goals of these modifications. Important changes include more stringent penalties for non-compliance, obligatory digital filing, and expanded disclosure requirements. In order to prevent fines and operating delays, non-resident businesses are now required to keep proper records and follow more stringent filing deadlines.