Other Briefings
India Extends Income Tax Filing Deadline to August 5th
India’s Ministry of Finance has extended the deadline for filing IIT in India from July 31st to August 5th Aug. 1 – “Due to large number of taxpayers accessing the e-fling website on the due date of filing, some cases of taxpayers not being able to access the e-filing portal have been reported. These problems […]
Could India Manufacture the iPad?
The reason for the introduction of the luxury tax is that India now wishes to discourage the importation of foreign products that do not add to India’s FDI or domestic manufacturing position – in my view a fair enough stance to take. But coupled with that is the question over Indian manufacturing capabilities. Could Indian companies manufacture the iPad? Are the competencies and financial strengths there?
India to Raise Import Taxes on Luxury Items
India will increase import duties on a number of luxury items, including automobiles, televisions, high-end mobile phones, tablets, laptops and exotic foods. The increases are targeted at imported consumer goods that add no manufacturing or FDI value to the country.
New Issue of Asia Briefing: An Introduction to Tax Treaties Throughout Asia
In this issue of Asia Briefing Magazine, we look at the various types of trade and tax treaties that exist between Asian nations. These include bilateral investment treaties and also the meatier double tax treaties and free trade agreements that directly affect businesses operating in Asia.
Compliance Requirements for Companies in India
By CA. Ravikant Modi and CA. Manoj Kumar, Dezan Shira & Associates, India Offices Jul. 8 – There are a number of ways to start a business in India, ranging from a joint venture to a liaison office. Whatever route you choose, it is important to have an understanding of the subsequent compliance issues, as these […]
Indian SEZs Receive Service Tax Exemptions
Jul. 3 – India’s Ministry of Finance has agreed to exempt service tax charges on developers and units operating within the country’s special economic zones (SEZs). The exemption will be available as a service tax refund for specified services received by units and developers within the SEZs. Taxes levied on services used exclusively for operations […]
India Tax Overview for FIEs
By Chris Devonshire-Ellis, Dezan Shira & Associates Jun. 24 – Tax rates in India depend on many variables, such as whether a company is deemed a permanent establishment, the nature of its income, and the provisions of relevant double taxation avoidance agreements. India’s tax system clearly demarcates authority between central and state governments and local […]
An Introduction to Audit in India for Non-Auditors
While it may be hard for someone without a background in tax or accounting to be responsible for the financial operations of the company’s subsidiary in India, it will certainly be to their benefit if at least a basic understanding of the procedures can be obtained.
