Other Briefings
FAQs on the Special Valuation Branch (SVB) in India: A Guide for Importers
By understanding the role and procedures of the Special Valuation Branch in India, businesses importing goods can effectively navigate the complexities of related party transactions and ensure compliance with Indian customs regulations.
India Mandates Audit Trail Compliance for All Companies: Understanding the Obligations
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.
New GST Amnesty Scheme from November 1, 2024: Key Compliance Details
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 Enables ITC Claims on Commercial Building Construction
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.
Capital Gains Tax in India: An Explainer
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.
Tax Dispute Resolution Scheme for Contractors in Government Procurement in India
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.
Effectiveness of Advance Pricing Agreements in India’s Complex Transfer Pricing Environment
We discuss India’s advance pricing agreement (APA) program, their sector-wise distribution, and usefulness amid a complex transfer pricing regime.
Old vs New Tax Regime in India: How to Choose the Right Tax Option
We discuss the old and new tax regimes and the changes announced in the Union Budget 2024-25 to assist taxpayers in making an informed choice.
