Other Briefings
Greater Scrutiny for Foreign-Owned Liaison Offices in India
On February 6, India’s Central Board for Direct Taxes (CBDT) introduced a new regulation governing foreign-operated liaison offices in India.
RBI Eases Payment System for Exporters
Feb. 22 – The RBI has permitted banks to allow exporters to accept advance payment for shipment of goods which would take more than one year to manufacture, a stride which will decrease transaction time. The RBI stated that to liberalize the process, AD Category-I banks would be able to allow exporters to receive advance […]
2012 FII Inflows into the Indian Market
Feb. 21 – Overseas investors have invested about Rs. 14,000 crore into the Indian equity market so far this month and experts expect this positive trend to continue in the future as well. Since the beginning of 2012, foreign institutional investors (FIIs) have infused a total of Rs. 24,225 crore (US$4 billion) into Indian stocks, […]
Reserve Bank of India Issues New ATM Policies
Feb. 17 – To speed up the growth and penetration of ATMs across the country, the Reserve Bank of India has issued draft guiding principles for permitting non-banking entities to set up, own and operate such money dispensing machines. Non-banking entities proposing to establish such service will have a minimum net worth of Rs. 100 […]
Income Tax Returns in India
Walkthrough of the E-filing process when you do not use a digital signature
Foreign Technology Transfer Fees and Royalties in India
By Cherry Bansal, Accounts Associate, Dezan Shira & Associates Feb. 3 – As India develops into an important market for foreign investors, we’ve seen a significant increase in the volume of questions that our firm is regularly asked to deal with. An important issue that is beginning to crop up concerns royalty payments for licensed […]
Vodafone Wins Landmark US$2.5 Billion India Tax Case
India’s Supreme Court has ruled that the British telecom giant Vodafone does not have to pay taxes and penalties for the transaction in 2007 that saw the company acquire a 67 percent stake in Indian mobile phone operator Hutchison Essar.
India’s RBI Cuts Cash Reserve Requirement
Jan. 30 – The Reserve Bank of India cut cash reserve requirements (CRR) for banks by 50 basis points last Tuesday to relieve tight liquidity, indicating a policy shift towards reviving growth after nearly two years of fighting inflation. With core inflation still inflexibly high, the RBI left its policy repo rate unchanged at 8.50 […]
