Other Briefings
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.
Tradable Tax Incentives a Boost for Service Exporters
The federal government is looking to boost India’s services exports via expanding the scope of the existing tax incentive scheme to make it more widely used and effective. The initiative was unveiled in India’s new five-year foreign trade policy on April 1; the plan is a part of the government’s overall strategy to promote service exports for a range of sectors, including consultancies and healthcare.
Preparing your India Business for End of Year Audit
March signifies the last fiscal month of the Indian financial year, meaning this is a good time to get into preparation for your annual Indian audit. Here, we provide keys points for your financial administration team to be aware of in the lead up to audit.
Navigating India’s Goods & Services Tax
The idea of replacing India’s current system of indirect taxes with a Goods and Services Tax (GST) was initially mooted in 2000. In this article, we analyze how the tax will be structured and discuss how it will be implemented.
India’s Export Duties to Come Under Increased Scrutiny
On February 28, India’s budget for 2015-16 will be presented by Finance Minister Arun Jaitley. A key segment of government planning is expected to focus on India’s current export duties.
Tax Disputes in India – a Year in Review
When elected in May 2014, Narendra Modi sought to establish rule of law in disputes with foreign firms and reduce uncertainty amongst foreign investors . In this article we take a look at some recent court decisions to see if the government is following through on its pledge to end “tax terrorism.”
Understanding India’s Industry-Specific Tax Incentives
Tax deductions exist in numerous Indian sectors where the government deems foreign investment to be in the interest of the country. In this article, we highlight which industries offer tax incentives and outline how foreign businesses can qualify for tax deductions.
