Other Briefings
GST Council’s 53rd Meeting: Key Recommendations
The 53rd GST Council meeting held on June 22, 2024 recommended several measures to lessen the tax and legal burdens on taxpayers in India and facilitate trade. These recommendations will be implemented once the relevant circulars, notifications, or law amendments are issued, which will have legal force.
Guide to Business Income Tax Return Filing in India
India Briefing provides information on business ITR filing in India, with the deadline for filing individual returns being July 31, 2024.
Double Taxation Avoidance Agreements (DTAAs) and Your India Investment Strategy
India has double taxation avoidance agreements (DTAAs) in place with over 90 countries, with certain tax treaties offering lower withholding tax (WHT) rates on certain types of income. This article examines how DTAAs can impact foreign firms and their India investment strategy.
Foreign Tax Credit in India: What You Need to Know
India Briefing guides you through the mechanism of Foreign Tax Credit in India and how taxpayers can avoid paying double tax.
Goods and Services Taxes in India 2024 – New Publication Out Now
India Briefing discusses how the Goods and Services Tax regime works in India, applicable rates for 2024, and reporting obligations for businesses.
India-Mauritius DTAA Amendment Closes Tax Avoidance Loophole
India and Mauritius have agreed to abide by recent DTAA revisions, which include a PPT clause to prevent any unjustified tax avoidance.
India’s ITR Forms for AY 2024–25: Key Updates
India’s Income Tax Department has released ITR Forms 1-6 for AY 2024–25 and is enabling e-filing mechanisms according to reporting deadlines.
India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions
India has announced that tax rates on royalties and fees for technical services under the India-Spain DTAA will be capped at 10%, a rate lower than domestic laws, as per a most-favored nation basis, according to a March 2024 notification.
