India-Mauritius DTAA Amendment Closes Tax Avoidance Loophole

Tax & Accounting

India and Mauritius have agreed to abide by recent DTAA revisions, which include a PPT clause to prevent any unjustified tax avoidance.

Industries

The MedTech Industry in India: Outlook and Growth Drivers

India is implementing key initiatives aimed at growing the medical technology (MedTech) industry and attracting more foreign investments.

Human Resources & Payroll

How Labor Market Intelligence Can Strengthen Your India Market Relocation Strategy

An effective labor market study will help company decision makers, such as C-suite executives, to make an informed choice that is best suited to their business undertaking.

Tax & Accounting

India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions

India has announced that tax rates on royalties and fees for technical services under the India-Spain DTAA will be capped at 10%, a rate lower than domestic laws, as per a most-favored nation basis, according to a March 2024 notification.

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Economy & Trade

Economy & Trade

Investing in Tamil Nadu: Manufacturing Outlook and Opportunities

Apr 18

We profile the southernmost state of India, Tamil Nadu, and its aggressive approach on becoming new favourite destination for EV manufacturing in India.

 

Tax & Accounting

Tax & Accounting

India-Mauritius DTAA Amendment Closes Tax Avoidance Loophole

Apr 16

India and Mauritius have agreed to abide by recent DTAA revisions, which include a PPT clause to prevent any unjustified tax avoidance.

  • India's ITR Forms for AY 2024–25: Key Updates

    Tax & Accounting Apr 03

    India's Income Tax Department has released ITR Forms 1-6 for AY 2024–25 and is enabling e-filing mechanisms according to reporting deadlines.

  • India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions

    Tax & Accounting Apr 02

    India has announced that tax rates on royalties and fees for technical services under the India-Spain DTAA will be capped at 10%, a rate lower than domestic laws, as per a most-favored nation basis, according to a March 2024 notification.

  • Tax Rules in India in Effect from April 1, 2024

    Tax & Accounting Apr 01

    FY 2024-25 begins April 1, 2024 and brings in no new changes to the tax rules in India per the federal government. We roundup the direct tax rules applicable for AY 2024-25 and certain Finance Act 2024 amendments to the indirect tax regime.

  • NFRA Seeks to Promote Innovation in India's Auditing Industry

    Tax & Accounting Mar 08

    At the maiden international conference organised by the NFRA, its chairman, Ajay Bhushan Pandey, has expressed strong intentions to inculcate a framework identical to an innovation lab to promote technological advancement in the auditing industry.

 

Legal & Regulatory

Legal & Regulatory

Environmental Compliance for Companies in India: Key Legislation and ESG Guidelines

Apr 12

The environmental compliance landscape in India poses challenges due to uneven law enforcement. We note key reporting requirements.

  • India’s Regulation of AI and Large Language Models

    Legal & Regulatory Mar 27

    Presently, India lacks a dedicated regulation for artificial intelligence (AI). We outline some of the advisories, guidelines, and IT rules that offer legal oversight for the development of AI, Generative AI, and large language models (LLM) in India.

  • Unused Land, Building Laws Confront India's Policymakers Targeting High Industrial Growth

    Legal & Regulatory Mar 11

    While some Indian states reclaim unused land for industrial purposes, many enforce building standards that hinder efficient land use by factories.

  • Establishing a Trading Company in India

    Legal & Regulatory Feb 27

    Starting an import-export business in India with the right strategies allows a firm to access information resources, network contacts, and concessions, which are key to profitability and compliance.

  • Establishing a Trading Company in India

    Legal & Regulatory Feb 27

    Starting an import-export business in India with the right strategies allows a firm to access information resources, network contacts, and concessions, which are key to profitability and compliance.

Industries

Industries

Apple’s Contract Manufacturers and Component Suppliers in India

Apr 17

We note the major contract manufacturers of Apple products in India along with their domestic supplier network, list their locations and investment scope.

 

HR & Payroll

HR & Payroll

How Labor Market Intelligence Can Strengthen Your India Market Relocation Strategy

Apr 10

An effective labor market study will help company decision makers, such as C-suite executives, to make an informed choice that is best suited to their business undertaking.

 

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