In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. We discuss the latest changes to taxation of capital gains introduced under the Union Budget 2024.
The Economic Survey of India 2023-24 presented by finance minister Nirmala Sitharaman shows India on a "strong wicket and stable footing". We look at the GDP growth projections and macroeconomic data for FY25.
India is reportedly working on loosening the visa requirements of Chinese technicians in response to concerns from several companies.
We discuss the changes in merchandise exports from India's states in FY 2023-24, focusing on their key export items and the dynamics of global trade.
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Sign Up NowIndia's Department for Promotion of Industry and Internal Trade (DPIIT) will establish strict timelines for various government agencies and departments to expedite the clearance of foreign direct investment (FDI) proposals in prioritized sectors.
India's Union Budget 2024 has introduced measures targeting education, employment, skilling, and the middle class. Nine priority sectors have been identified and key changes introduced to the capital gains tax regime.
Discover top off plan projects in Sharjah for Indian buyers. Explore luxurious apartments, villas, and townhouses in thriving communities.
The Economic Survey of India 2023-24 presented by finance minister Nirmala Sitharaman shows India on a "strong wicket and stable footing". We look at the GDP growth projections and macroeconomic data for FY25.
We discuss the changes in merchandise exports from India's states in FY 2023-24, focusing on their key export items and the dynamics of global trade.
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. We discuss the latest changes to taxation of capital gains introduced under the Union Budget 2024.
India will abolish the 2 percent equalization levy on a broad range of services provided by offshore technology firms from August 1, 2024.
India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.
The 53rd GST Council meeting held on June 22, 2024 recommended several measures to lessen the tax and legal burdens on taxpayers in India and facilitate trade. These recommendations will be implemented once the relevant circulars, notifications, or law amendments are issued, which will have legal force.
India Briefing provides information on business ITR filing in India, with the deadline for filing individual returns being July 31, 2024.
The Registrars of Companies (RoCs), part of India's Ministry of Corporate Affairs (MCA), have ramped up enforcement, issuing 321 orders for alleged Companies Act violations in the June quarter.
Both new applicants and existing beneficiaries of the PLI Scheme for White Goods (PLIWG) seeking to invest more by moving to a higher target segment, as well as their group companies applying under a different target segment, will be eligible to apply, provided they meet the eligibility conditions.
Following the 2024 general elections, Prime Minister Narendra Modi’s new government has announced eight cabinet committees, with members appointed from key NDA coalition partners. We list the new cabinet panel members and discuss the significance of the new political appointees.
The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana's bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.
The Bureau of Indian Standard (BIS) has announced two new quality standards to improve performance and safety of EVs in various categories.
India's market for global capability centers (GCCs), also known as global in-house captives or GICs, is thriving, with a projected CAGR of 14 percent for the period from 2023 to 2030. We discuss India's key appeal.
We track India's efforts to facilitate foreign investment into its indigenous semiconductor industry (developing fabs. chip design, ATMP).
At the INDIAai Summit 2024, Union Minister of Electronics and IT, Ashwini Vaishnaw said the country will invest in an AI computing infrastructure with at least 10,000 graphics processing units.
Hyundai India's IPO listing is anticipated to be the largest ever in the Indian market, valued at US$2.9 billion. Investment banks like Citi, JP Morgan, HSBC, Morgan Stanley, and Kotak are advising Hyundai on the IPO entry.
India is strategically positioning itself to become a global manufacturing hub to meet domestic growth objectives, achieve export targets, and fulfill geopolitical aspirations.
India is reportedly working on loosening the visa requirements of Chinese technicians in response to concerns from several companies.
This issue offers an essential guide for foreign invested firms to attract and retain the best talents in India’s dynamic hiring environment.
Companies in the IT/ITES sector and knowledge industries in Karnataka will be exempted from provisions of the Industrial Employment (Standing Orders) Act till June 10, 2029.
India Briefing explains the leave management process in the country and best practices for employers and employees.
The IT industry is continuing to approach India's Tier 2 cities for talent retention as well as capitalize on cheaper realty and wages.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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