As of 2024, the PM Gati Shakti National Master Plan has made significant progress in developing world-class infrastructure in India, leveraging integrated policymaking and advanced technology for streamlined execution.
India's Electronics & IT ministry (Meity) is working on a new policy framework at the central government level targeting global capability centers (GCC) and to support their growth beyond tier-1 hubs. As per media reports, these new incentives would be in addition to state incentives where the GCC entities are located.
In the Union Budget 2024, the Indian government announced the abolition of the angel tax for all investors, effective FY 2025-26, marking a pivotal shift for India's startup ecosystem.
The Karnataka Global Capability Center (GCC) Policy, launched November 2024, focuses on AI, collaboration between academia and the private sector, R&D, talent development, and expanding investment zones beyond the capital Bengaluru through fiscal, regulatory, and tax incentives.
We discuss key tax considerations, compliance requirements, and strategies to optimize savings for remote workers in India.
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