Other Briefings
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 Income Tax Regime in India: How to Choose the Right Tax Option
We discuss the old and new income tax regimes and the changes announced in the Union Budget 2024-25 to assist taxpayers in making an informed choice.
India to Abolish 2% Equalisation Levy on Non-Resident Digital Companies from August 1, 2024
India will abolish the 2 percent equalization levy on a broad range of services provided by offshore technology firms from August 1, 2024.
India, U.S Extend Equalization Levy Deadline on E-Commerce Transactions
India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.
