Other Briefings
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.
Further Tax Amendments Receive Approval in India
India recently passed amendments to its Finance Bill. Tax on share buybacks will now be raised to 20 percent, while the tax on technical service fees provided to non-residents will also be raised from 10 percent to 25 percent.
Bombay Stock Exchange Launches Shariah Index
The Bombay Stock Exchange has become India’s first stock exchange to launch an Islamic-focused Index, calling it the S&P BSE 500 Shariah Index. It will be compliant with Islamic canonical law in choosing investments.
Preparing Foreign-Invested Entities for Annual Audit in India
India is often perceived as an investment destination full of red tape and bureaucracy, yet in fact with some attention to detail, the legal and financial operational procedures can be relatively easily expressed – if you know what you are doing. Annual audit procedures help assess companies for purposes of taxable income, but can also help management evaluate company efficiencies and deficiencies.
India Passes Tax Cuts for Foreign Investors
India will cut the tax rate on income earned by non-residents from investments in corporate and government debt. The cut is part of India’s Finance Bill which was passed by the lower house of the Indian parliament on Tuesday.
Payroll Processing in India: Allowances and Outsourcing
Payroll , or employee compensation management, is a multifaceted process. To help shed some light on this complicated process, in this article we discuss allowances (including housing and leave travel assistance) and the benefits of outsourcing payroll.
India: World’s Largest Recipient of Global Remittances
Apr. 25 – The World Bank has listed India as the world’s largest recipient of remittances from its overseas diaspora in 2012 after having received over US$69 billion in remittances. Following India is China (US$60 billion), the Philippines (US$24 billion), Mexico (US$23 billion), Nigeria (US$21 billion) and Egypt (US$21 billion). Pakistan, Bangladesh, Vietnam and Lebanon are […]
