PAN
PAN is the Permanent Account Number allocated by Income Tax
Department in India, for assessees.
Generally non-residents are exempt from production of Income tax
clearance certificate, particularly when they were not earning any
income in India, in the prior assessment years.
This should not be an issue for returning non-residents.
The clearance certificate is asked of those who are coming over for the first time on US visas.
II)
I am not sure whether the benefits and perks can be shown as part of the salary mentioned in the LC or the LCA.
Though not a big issue in the LC, because, they can say that
they will pay the specified amount after attaining the Immigrant status, this could be with the LCA, because the INS expects the company to be paying the salary mentioned in the LCA.
Need more input on this...........
Raju
PAN is the Permanent Account Number allocated by Income Tax
Department in India, for assessees.
Generally non-residents are exempt from production of Income tax
clearance certificate, particularly when they were not earning any
income in India, in the prior assessment years.
This should not be an issue for returning non-residents.
The clearance certificate is asked of those who are coming over for the first time on US visas.
II)
I am not sure whether the benefits and perks can be shown as part of the salary mentioned in the LC or the LCA.
Though not a big issue in the LC, because, they can say that
they will pay the specified amount after attaining the Immigrant status, this could be with the LCA, because the INS expects the company to be paying the salary mentioned in the LCA.
Need more input on this...........
Raju