Other Briefings
India Plans Manufacturing Incentive Scheme for Toys, Leather, and Footwear Products
India to expand PLI scheme to toys, footwear, and leather goods, boosting manufacturing and investment for economic growth and self-reliance.
India Introduces Taxation Changes for High-Premium Life Insurance Policies
India has recently introduced a new tax rule for life insurance policies where any proceeds received from a life insurance policy with an annual premium exceeding INR 500,000 will be subject to taxation.
India Amends Mining Law to Allow Private Sector Participation in Critical Mineral Exploration
India hopes to leverage private sector expertise in critical mineral exploration to sufficiently exploit its natural geological potential and reduce import dependencies for critical raw materials in frontier industries.
India-Australia Trade Negotiations for a CECA: What We Know So Far
India and Australia are continuing the momentum over free trade negotiations, following the interim trade pact coming into force end of last year. Leadership of the two countries are seeking to close out the deal by December 2023 but officials are tight-lipped.
India, UAE Commence Crude Oil Trade Using Local Currency Settlement (LCS) Framework
India and the UAE recently executed their first crude oil transaction involving 1 million barrels of crude oil using the Local Currency Settlement (LCS) mechanism, signalling a pivotal shift in the cross-border trade approach between the two nations.
Optimizing Tax Benefits with India’s Hindu Undivided Family (HUF) Business Structure
This article examines the core structure of a Hindu Undivided Family (HUF). It covers its key characteristics, step-by-step setup process, vital factors to consider, and its associated tax benefits.
India’s Tax Compliance Calendar for Businesses in August 2023
We provide a tax compliance calendar for August 2023 that highlights important India income tax and GST due dates and obligations.
Navigating Business Prospects in India’s Retail Industry
India’s retail industry is rapidly growing due to the entry of new players. With a large population, a growing middle class, and an emerging luxury spending cohort, foreign retailers have excellent prospects for business expansion in the Indian market.
