Other Briefings
India Passes Comprehensive Bankruptcy and Insolvency Law
Assesses the new Indian Insolvency and Bankruptcy Code, 2015. The code creates a comprehensive system to aid companies navigate through insolvency. The law is an important step to aid India’s growth in the international economy.
Foreign-owned Asset Management Companies Stymied by Conflicting Minimum Capital Requirements
India has two laws that demand conflicting and oppressive minimum capital requirements of foreign-owned asset management companies. This article discusses the impact of the aforementioned laws even as domestic asset management firms operate under different and relaxed norms.
Dissecting the India-Mauritius Amended Tax Treaty
As India seeks to crackdown on tax evasion, the amended India-Mauritius DTAA aims to close loopholes, ending a 33 year journey which allowed capital gains tax exemption. In this article, we examine how the agreement in structured.
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.
