Other Briefings
India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation
India’s interim budget 2024, which is a vote on account, was presented on February 1, and contained no major policy changes or revisions to taxation. We round up the key provisions laid out in the budget and the fiscal data provided by Finance Minister Nirmala Sitharaman.
Leveraging Section 80EEB: Tax Benefits for Businesses on Electric Vehicle Loans
India has in place tax incentives for businesses and individuals taking loans to buy electric vehicles. We discuss the relevant provisions under Section 80EEB of the Income Tax Act, 1961.
India’s Concessional Tax Regime for Manufacturing Sector Approaches Sunset Date: Industry View
India’s manufacturing sector seeks an extension of incentives from the government, including prolonging the duration of the 15% concessional tax scheme.
India’s Tax Authority Issues Notification for Non-Resident Investors in Financial Products via IFSC Units
The Ministry of Finance notification delineates the criteria for the recognition of investment in a financial product by non-residents, particularly when the income is deposited in the non-resident’s account with the Offshore Banking Unit of the IFSC, as specified in section 80LA.
Recent Changes to Form 10F: A Guide for Non-Residents Seeking to Claim DTAA Benefits in India
Recent amendments to Form 10F procedures in India require electronic filing as a mandatory compliance to successfully claim DTAA benefits.
Significance of the Tax Residency Certificate in India
The Tax Residency Certificate is a proof of residency, and can ensure that income is not doubly taxed—once in the source country and again in the resident country.
An Introduction to Doing Business in India 2024: New Publication Out Now
The 2024 Introduction to Doing Business in India Guide discusses the most updated corporate establishment procedures, changes to the investment landscape and trade environment, as well as tax, audit, accounting, HR, and payroll regulations and compliance requirements. In this year’s edition, we spotlight the factors making India the fastest growing G20 economy.
Understanding How the Concept of Significant Economic Presence Applies in Indian Taxation
We explore tax provisions on ‘significant economic presence’ in India and compare with the equalization levy liability amid stakeholder concerns.
