Other Briefings
India Clarifies Defective Return Notices for Foreign Institutional Investors
In this article, we examine a recent clarification issued by the Central Board of Direct Taxes (CBDT) regarding defective return notices for FPIs and FIIs.
India Adopts Range Concept and Use of Multi-Year Data
Indian government issues guidelines for transfer pricing in line with global norms.
India’s Withholding Tax for Non-residents
Companies required to withhold taxes, and individuals or companies in receipt of income, are subject to increasingly stringent withholding rules in India. The topic of withholding taxes can be problematic both for the payer and for the recipient of the income.
Indian Government Provides Business Friendly Clarification for MAT
A welcome announcement to foreign investors: FIIs and FPIs are not liable for MAT if they have no permanent establishment or place of business in India. The change signals the government’s desire to improve India’s image as an investment destination.
India to Reduce Corporate Income Tax Rate to 25 Percent
India has announced a reduction in corporate tax rates from 30 to 25 percent in a move that brings India into closer pricing competition with China.
India’s Black Money Act: Liability and Compliance
India’s new Black Money Act has taken a tough stance against tax avoidance. This article explains who is liable, how the tax is computed, associated penalties and procedures for availing of the voluntary compliance program.
Ind-AS 108: Accounting for Operating Segments Gets Overhaul
Ind-AS will bring Indian companies in line with accounting standards used globally, but segment disclosures will include potentially sensitive information.
India, U.S. Sign Tax Information Agreement for FATCA
The Foreign Account Tax Compliance Act (FATCA) will affect U.S. persons and Indian financial institutions in India. Learn more about FATCA and how it impacts you here.
