Other Briefings
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 […]
India Sees Credit Rating Upgrade
Jan. 17 – Moody’s Investor Services has upgraded its rating on India’s long-term government bonds denominated in the domestic currency from Ba l to Baa 3 (from speculative to investment grade). The long-term country ceiling on the overseas currency bank deposits was also upgraded from Ba l to Baa 3 (from speculative to investment grade). […]
India Doubles Strength of Foreign Tax Division
Jan. 10 – The Indian government has resolved to double the force of the Finance Ministry’s crucial foreign tax division which handles classified tax-related information between India, tax haven nations, and other countries. The Ministry recently gave sanction for developing a new unit in the Foreign Tax and Tax Research (FTTR) division under the Central […]
