Expats should take note of the identification documents and financial services that must be linked with the Aadhaar number if they hold residency in India. The post The Aadhaar Card in India: What Expatriates Need to Know appeared first on India Briefing News.
Last week, the GST Council announced several revisions to the indirect tax regime, making it more business-friendly. In this article, we highlight the most significant changes announced. The post The GST in India: Tax Rates Slashed, Some Compliance Relaxed appeared first on India Briefing News.
In the 2015 financial year, Italian companies invested US$334.7 million into India. In this article, we explain how India’s tier II cities are attracting Italian manufacturers, and highlight the active role Italy can play in India’s “Smart Cities” initiative. The post Italian Investment into India appeared first on India Briefing News.
Make in India was launched in 2014 by Prime Minister Modi to transform India into a manufacturing powerhouse, and boost investor interest. Here we assess what has been Make in India’s real impact on the ground – what has worked for the program and what needs to get done. The post Make in India: Still […]
In this edition of India Briefing Magazine, we make the case for why now is the right time for foreign firms to invest in India’s IT sector. India is the world’s leading outsourcing destination, and its IT sector is updating its SMAC capabilities, and up-skilling the existing labor pool. The post The IT Sector: Time […]
The federal government recently formed a team of top law enforcement officials to crackdown on shell companies. This article discusses the government’s latest moves in its anti-corruption drive. The post Shutting Down India’s Shell Companies – Government Continues Anti-Corruption Drive appeared first on India Briefing News.
Prime Minister Modi held his first bilateral talks with Myanmar between September 5 and 6. Relations between the two countries are multifaceted, with both sides sharing key concerns over maritime security and economic development. The post India-Myanmar Relations: Growing Multifaceted Bilateral Ties appeared first on India Briefing News.
By Dezan Shira & Associates India’s federal tax agency, the Central Board of Taxes (CBDT), recently notified new revisions for Minimum Alternate Tax (MAT) audit reporting under the Income Tax (22nd Amendment) Rules 2017. The MAT is a local tax that India has levied on companies since 1987, and ensures that companies who are able to […]
By Dezan Shira & Associates India is one of 112 countries to have ratified the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which took force on February 22 this year. Intended to overcome the global slowdown in trade, the TFA introduces new best practices for member-states to ensure the easier movement of goods across international […]
By Bradley Dunseith Australia’s growth prospects in India are expanding. Among key opportunities identified by the country’s entrepreneurs are: investing in India’s higher education and vocational sectors and India’s growing renewables market. India’s rapid growth has resulted in the need for complex, skill-oriented jobs on one hand, and accelerated its energy consumption and requirements, on […]
By Dezan Shira & Associates Funds can be repatriated from one country to another in various ways. The obvious implications are that such transactions entail foreign exchange risks, and companies also need to account for regulatory and tax risks. Investors and companies should, therefore, note that choosing the right strategy to repatriate funds can reduce their […]
By Vasundhara Rastogi India’s e-commerce market is growing exponentially. The latest data presented by the software industry body NASSCOM, India’s online market share grew at the rate of 19 percent last year, and will touch an estimated US$33 billion in 2017. In this article, we discuss some of the major drivers shaping the momentum in favor […]