Other Briefings
‘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.
Cryptocurrency Taxed at 30% from April 1, 2022: Everything You Need to Know
Taxation of cryptocurrency and virtual digital assets in India was announced in the Union Budget 2022-23 and have come in effect from April 1, 2022.
Key GST Changes in India Applicable from January 1, 2022
We list key GST changes in India, which impact the scope of Supplies and enforcement mechanisms, withdraws concessions, introduces input credit restrictions, etc.
Applicability of GST on Overseas Transactions: FAQs and Case Studies
We highlight key points of India’s goods and services tax regime and address GST applicability on overseas transactions by providing some case studies.
India Extends AY 2021-22 Due Dates for ITR and Tax Audit Reports on Account of COVID, E-Filing Difficulties
On January 11, 2022, the Central Board of Direct Taxes informed the further extended due dates for filing tax audit reports and income tax returns for AY 2021-22.
