Other Briefings
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.
Outcomes of the 2024 India-US Trade Policy Forum Meeting
We discuss key outcomes of the India-US Trade Policy Forum (TPF), which concluded its 14th Ministerial-level meeting in New Delhi on January 12, 2024.
Mumbai Trans Harbour Link Inaugurated: Key Insights into India’s Longest Sea Bridge
The Mumbai Trans Harbour Link or Atal Setu Nhava Sheva Sea Link is India’s longest sea bridge, which drastically shortens the distance between Mumbai and Navi Mumbai to 20 minutes. It will also connect with the arterial Mumbai Pune Expressway.
India to Push for Social Security Agreement with the US at Trade Policy Forum Meeting
India has supplied comprehensive data on its social security programs to the United States, as it seeks an agreement to prevent double insurance liability for temporary workers.
Investment Spotlight on Western India: Gujarat vs Maharashtra
Both Gujarat and Maharashtra offer investors advantages and challenges. The choice of the optimal location depends on various factors such as business goals, sector-specific interests, market prospects, supplier connections, local partnerships, regulatory and financial considerations, and risk tolerance.
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.
EPFO Extends Deadline for Employers in India to Upload Wage Details for Higher Pensions by May 31, 2024
The EPFO has extended the deadline by five months for employers to submit wage details for members eligible for an increased pension. We discuss pertinent details for compliance.
PLI Scheme for India’s Automotive Sector Amended and Extended by One Year
India’s PLI Scheme for the automotive sector has been extended by a year as applicants require more time to meet the eligibility provisions. The first round of incentives will be disbursed in FY 2024-25 per the government in a recent announcement, and after much delay. Only Tata Motors, Ola Electric, and Mahindra & Mahindra have met key domestic value addition criteria.
