Other Briefings
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.
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.
