Other Briefings
GAAR Execution May Be Postponed to 2016-17
Sept. 5 – A specialist group on tax laws recommended that the Indian government postpone execution of the General Anti-Avoidance Rules (GAAR) until financial year 2016-17 and eliminate capital gains tax on securities transfers to ensure investment and capital flows. The group, appointed by the Prime Minister of India, suggested a series of steps which […]
New Issue of India Briefing: Pre and Post-Incorporation Compliance for Foreign-Invested Entities
Compliance requirements vary by foreign-invested entity type. In this issue of India Briefing Magazine, we discuss compliance for foreign representation entities and wholly owned subsidiaries.
India and China Discuss Avenues for Cooperation
Aug. 28 – India and China have initiated talks aimed at increasing mutual trade to US$100 billion by 2015 in a positive sign not only for India and China businesses, but also for the whole Asian community. This will open the doors to new investment opportunities in both countries as the two Asian economic giants […]
Deadline for Annual Audit and Compliance: September 30, 2012
Aug. 24 – All companies in India need to file their annual return by September 30, 2012 (November 30, 2012 for companies required to file a certificate on global transactions liable to transfer pricing) of the assessment year, stating income, expenses, taxes paid and taxes due for the previous year. All incorporated companies, whether public […]
Latest on GAAR
Aug. 22 – The Central Board of Direct Taxes (CBDT) recently issued draft guidelines on General Anti-Avoidance Rules (GAAR), which will be applicable to income accruing on or after April 1, 2013. The guidelines state that GAAR applies only where an overseas institutional investor takes advantage of double taxation avoidance treaties.
Initiatives from the New Indian Finance Minister are Promising for Investors
Aug. 9 – After taking over as finance minister of India on August 1, Mr. P Chidambaram has voiced a clear intention to execute positive changes in the country’s tax regime. Eager to draw investment back to India, he has stated that the most important duty in his mind is to regain the confidence of […]
Jet Airways’ Profits Present a Mixed Picture for India’s Aviation Industry
By Ian Bhullar Aug. 6 – As Jet Airways and SpiceJet post surprising profits for this quarter, hopes are raised for a partial recovery of India’s aviation industry. Jet Airways released its quarterly profits last Friday, reporting INR247 million earnings between March and June. SpiceJet reported positive earnings earlier in the week. These profits are […]
Walmart Lobbies for Multi-brand Retail in India, as Opposition Remains
By Ian Bhullar Aug. 1 – As part of the slow move toward introducing foreign direct investment in the Indian multi-brand retail sector, reports released this week suggest a push from U.S. multi-brand giants such as Walmart to liberalize India’s retail environment. According to lobbying disclosure reports filed with the U.S. House of Representatives and […]
