Other Briefings
FATCA Leads to Stricter Reporting and More Taxation for Non-U.S. Mutual Funds
In July last year, India and the United States signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA). In this article, we analyze the tax consequences that the act is currently having on U.S. businesses in India.
India Targets Foreign Portfolio Investments for Ease of Doing Business
Analyzes the regulatory environment for foreign portfolio investments in India. The regulations were changed to improve the Ease of Doing Business.
India Regulatory Brief: Government Retracts Pension Tax, Regulator Improves Taxpayer Services
In this week’s Market Watch, we examine the government’s flip-flop on the pension tax, tax relief for infrastructure developers, and the an improvement in taxpayer services by the tax regulator.
Indian Central Board of Taxation Seeks to Reduce Tax Litigation
India’s Central Board of Direct Taxes (CBDT) has issued a circular that changes the monetary limits under which the government can file for an appeal in cases before the appellate tribunal and the High Court. The stated objective of the change is to reduce tax litigation.
India’s Changes to Information Reporting for Non-Residents Set to Boost Ease of Doing Business
In this article, we examine recent changes to the information reporting process for payments made to non-residents. The new rules, effective January 4, 2016, clarify when information is required to be reported, what information must be reported, and what part of Form 15 CA must be used to report that information.
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.
