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Guide to Business Income Tax Return Filing in India
India Briefing provides information on business ITR filing in India, with the deadline for filing individual returns being July 31, 2024.
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Foreign Tax Credit in India: What You Need to Know
India Briefing guides you through the mechanism of Foreign Tax Credit in India and how taxpayers can avoid paying double tax.
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Goods and Services Taxes in India 2024 – New Publication Out Now
India Briefing discusses how the Goods and Services Tax regime works in India, applicable rates for 2024, and reporting obligations for businesses.
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India-Mauritius DTAA Amendment Closes Tax Avoidance Loophole
India and Mauritius have agreed to abide by recent DTAA revisions, which include a PPT clause to prevent any unjustified tax avoidance.
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India’s ITR Forms for AY 2024–25: Key Updates
India's Income Tax Department has released ITR Forms 1-6 for AY 2024–25 and is enabling e-filing mechanisms according to reporting deadlines.
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India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions
India has announced that tax rates on royalties and fees for technical services under the India-Spain DTAA will be capped at 10%, a rate lower than domestic laws, as per a most-favored nation basis, according to a March 2024 notification.
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Tax Rules in India in Effect from April 1, 2024
FY 2024-25 begins April 1, 2024 and brings in no new changes to the tax rules in India per the federal government. We roundup the direct tax rules applicable for AY 2024-25 and certain Finance Act 2024 amendments to the indirect tax regime.
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NFRA Seeks to Promote Innovation in India’s Auditing Industry
At the maiden international conference organised by the NFRA, its chairman, Ajay Bhushan Pandey, has expressed strong intentions to inculcate a framework identical to an innovation lab to promote technological advancement in the auditing industry.