The applicant’s shop/premises should have an adequate area of not less than 10 sqr.mtrs., should be equipped with proper storage facilities for preserving the properties of drugs, and the applicant (Competent Person) must be a Registered Pharmacist with Pharmacy Council.

This depends on your residential status. In most cases, if you are in India for 182 days or more during that financial year, you will be considered a resident. If you are a foreign national living within India, you may be considered a ‘Resident Indian’for tax purposes So, if you are a Resident, then you are required to file a normal tax returm otherwise else an NRI return.

DTAA(Double Taxation Avoidance Agreement)is an agreement in between India and other countries so as to avoid double taxation of the same income of the same person in more than one country. Double taxation can be avoided through DTAA which determines whether an Income taxable in two countries is to be exempted or to be taxed at a lower rate or else to be allowed tax credit For this, you are required to provide us with the Tax Residency Certificate(TRC) issued by the country where you presently reside.

NRI return is to be filed by NRI or foreign nationals who has any income taxable in India and the resident who has any income from outside India while Normal Return is that return which is to be filed by residents who only have Indian source or receipts of income.

LegalRaasta team will provide you with experienced and professional CAs who would be having expertise in taxation of foreign income and they will help you in tax savings, avoiding double taxation and helping Indian residents in declaration of inome from foreign assets/bank accounts.