Other Briefings
Determining Tax Liability for Foreign Nationals Working in India
In general, foreign nationals working in India are liable for Indian income tax. They may also be liable for capital gains tax on disposal of capital assets in India. Whether an individual is liable to pay Indian income tax is dependent on the foreign national’s physical presence in India, regardless of citizenship or the purpose of the stay.
Understanding India’s Late Filing Deadline for 2013-2014 Tax Returns
As foreign direct investment into India continues to grow, many individuals are asking themselves what their responsibility is in regards to filing an Indian tax return. Because Indian penalties are strict for late or non-filing, and because certain limitations exist for late-filed returns, it is important to know the filing rules and apply them in a timely manner.
Tax Residency in India Set for POEM Test
The new tax residency test for companies doing business in India is a business-friendly gesture, but some foreign investors are concerned. The law as written leaves too much uncertainty in implementation.
Ind-AS: Preparing for India’s New Accounting Standards
Foreign companies establishing a presence in India will encounter a host of considerations that do not exist in their home country. Of these, interpreting and understanding India’s idiosyncratic system of accounting standards can be an especially difficult challenge. In this article, we compare these standards to international norms.
India’s Finance Act 2015: What You Need to Know
The Finance Act 2015 addresses several areas of concern for foreign investors, but falls short of clarity in many respects. Foreign companies doing business in India should not lose sight of the remaining questions when approaching corporate tax planning.
Getting a Handle on India’s ‘Tax Terrorism’ Against Foreign Investors
The tax authorities in India have a very erratic reputation when it comes to their treatment of foreign invested companies in India. Retrospective tax issues have laid bare the disconnect between the government’s investment targets, its bureaucracy and the judiciary.
The Implications of India’s Minimum Alternate Tax (MAT) for Foreign Investors
In April, over 100 Foreign Portfolio Investors (FPI) were served tax notices requiring them to pay the Minimum Alternative Tax (MAT), which traditionally has not been applied to foreign funds. In this article, we discuss how the tax is currently impacting foreign businesses.
Managing Your Accounting and Bookkeeping in India – New Issue of India Briefing Magazine
The newest issue of India Briefing magazine, titled “Managing Your Accounting and Bookkeeping in India”, is out now and available as a complimentary download in the Asia Briefing Bookstore.
