India Briefing News

Taxation of India’s Outbound Remittances: LRS Scheme and Increased Tax Rate from October 1

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Effective October 1, 2023, the Indian government has increased the tax on outbound remittances from 5% to 20% – with certain exceptions.

Applying for a Personal Loan in India: Why Use an EMI Calculator

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A personal loan EMI calculator helps to compute the monthly installments and obtain a personal loan that is aligned with the person’s budget and finances.

An Introduction to Doing Business in India 2023 for EU Businesses – New Publication from Dezan Shira & Associates

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This guide covers key market entry considerations, tax, HR, and reporting compliances besides offering an overview of sector opportunities and growth drivers for EU SMEs and business partnerships in India.

New Disclosure and Compliance Obligations for Listed Companies in India

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SEBI, the securities and commodity market regulator, has amended the disclosure requirements and corporate governance obligations for listed companies in India. We discuss the key changes applicable from July 2023.

India-US Ties 2023: Modi Trip Refocuses Attention to Trade, Tech, Defense

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We discuss recent developments in the India-US economic partnership and key agendas ahead of Prime Minister Modi’s upcoming visit to the US on June 21, 2023.

Understanding How the UK’s Withdrawal of GSP Concessions Will Impact Indian Exporters

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Indian exports to the UK are set to be impacted by changes to duty concessions under the new DCTS system as London withdraws the GSP scheme.

Investing in India’s IT Sector: Opportunities for Foreign Companies

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We discuss why investing in India’s IT sector continues to be an attractive and cost-effective proposition for foreign firms and global MNCs.

India’s US$455m Subsidy Scheme for Battery Storage Projects

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India will reportedly provide incentives totaling US$455.2 million to companies undertaking battery storage projects.

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