Other Briefings
What Are the Outcomes of India’s 47th GST Council Meeting? Rate Revisions, Withdrawal of Exemptions, Easing Compliance
It has been five years since the roll-out of India’s GST indirect tax regime.
India Extends GST Compensation Cess Levy till March 2026
India has extended the GST compensation cess for four years, which will keep tax rates high on notified goods like tobacco and cars.
India’s TDS on Crypto Assets: Here’s How it Will Work from July 1, 2022
We discuss the conditions for charging TDS on crypto assets and other virtual digital assets (VDA) from July 1, 2022 as clarified by India’s tax authority.
New Income Tax Rules in India Applicable During FY 2022-23
We provide a list of income tax and financial changes applicable in India during FY 2022-23 (that is, April 1, 2022 to March 31, 2023).
‘Complete Scrutiny’ of Income Tax Returns in India: New Guidelines for FY 2022-23
We list the new FY2022-23 guidelines for when ‘complete scrutiny’ of income tax returns in India is applicable and what mechanisms are used by tax officers.
Calculating Income Tax for Foreign Nationals in India
In India, an individual’s income is taxed at graduated rates, depending on the person’s duration of stay in India and their income level.
India Notifies New Form for Taxpayers Filing Updated Tax Returns
ITR-U allows taxpayers in India to update their tax returns filed for the fiscal years 2019-20 and 2020-21 along with payment of additional tax.
Regulatory Ambiguity, High Tax Forcing Virtual Asset Sector Out of India to Dubai
Regulatory ambiguity, high tax rates, and bureaucratic hurdles are discouraging the Indian virtual asset sector, even as Dubai is emerging as a crypto hub.
