India's four new labor codes are nearing implementation, simplifying labor laws and enhancing worker protections. As per reports, 25 Indian states have finalized their draft rules, affecting both domestic and foreign businesses.
We provide an overview of audit trails, detailing the mandatory compliance requirements under Indian corporate laws, the responsibilities of companies and auditors, and the penalties for non-compliance.
India's Department of Commerce has reached out to domestic industries to seek feedback on rules of origin (ROO) under the India-EU FTA.
The 2024 US presidential election, featuring Kamala Harris and Donald Trump as candidates, is poised to impact India’s economy, trade relations, defense cooperation, and climate initiatives, depending on the outcome.
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Sign Up NowIndia and Denmark enjoy strong ties, collaborating in trade, renewable energy and green technology under the Green Strategic Partnership.
India and Ireland are working towards taking their economic partnership to new heights as they negotiate the establishment of a joint economic commission, set to be formalized by the end of 2024.
India's Department of Commerce has reached out to domestic industries to seek feedback on rules of origin (ROO) under the India-EU FTA.
The 2024 US presidential election, featuring Kamala Harris and Donald Trump as candidates, is poised to impact India’s economy, trade relations, defense cooperation, and climate initiatives, depending on the outcome.
India-Hungary have significantly increased their trade in recent years and are eager to collaborate on nuclear and solar energy initiatives. Trade activities between the two countries crossed US$1 billion mark for the first time in 2022.
We provide an overview of audit trails, detailing the mandatory compliance requirements under Indian corporate laws, the responsibilities of companies and auditors, and the penalties for non-compliance.
India's new GST amnesty scheme, effective from November 1, 2024, waives interest and penalties for non-fraudulent GST demands from 2017-18 to 2019-20.
India's Supreme Court has allowed companies in the country to claim input tax credits (ITC) on construction costs for commercial buildings intended for rental purposes.
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 Vivad se Vishwas, or VsV scheme, aims to reduce tax litigation in India by offering a simple, efficient mechanism for taxpayers to settle their disputes with tax authorities.
India's four new labor codes are nearing implementation, simplifying labor laws and enhancing worker protections. As per reports, 25 Indian states have finalized their draft rules, affecting both domestic and foreign businesses.
India's Central Consumer Protection Authority has issued a notice to Ola Electric and Ola Cabs for alleged violations of consumer rights. This situation highlights the importance for foreign companies and foreign-invested enterprises operating in India to adopt best practices to minimize the risk of regulatory intervention and mitigate scope for reputational damage.
India's Directorate General of Foreign Trade (DGFT) has relaxed export rules for 36 dual-use items from Indian parent companies to their foreign subsidiaries in 41 countries.
India has introduced new policy conditions for halal meat exports, effective from October 16, 2024. Such products must be processed in facilities certified under the 'India Conformity Assessment Scheme (I-CAS) - Halal.'
More provisions of the Competition (Amendment) Act, 2023 have taken effect as of September 2024, including deal value thresholds for high-value acquisitions, marking a complete overhaul of India's anti-trust regime.
Cross-border M&A deals in India are growing as companies pursue strategies to enter new markets, acquire technology, diversify, and consolidate globally.
India’s fintech sector witnessed substantial growth in Q3 of 2024, securing US$778 million in funding, a 66% increase compared to Q3 2023.
Ratan Tata, the Chairman Emeritus of Tata Group and a globally influential industrialist, passed away in Mumbai on October 9, 2024, at the age of 86. We look back at his legacy at the helm of the group.
We track India's efforts to facilitate foreign investment into its indigenous semiconductor industry (developing fabs. chip design, ATMP).
India aims to become a notable semiconductor manufacturing hub to reduce import dependencies in electronics production and frontier sectors. We note prominent distributor partners crucial for driving semiconductor adoption and growth across industries as well as beneficiaries under the India Semiconductor Mission.
We answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India. Several states in India have updated their minimum wages as of October 2023.
India is one of the oldest civilizations in the world, and a complicated mixture of old and new traditions from the West and East. If you are planning to do business with or in India, it is important to try and understand its cultural intricacies.
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.
In the latest report from India’s MoSPI, more urban women are engaged in the manufacturing sector, while rural women dominate agriculture activities.
India is reportedly working on loosening the visa requirements of Chinese technicians in response to concerns from several companies.
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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