A Delhi appellate tribunal has held that even non-resident shareholders, such as foreign investors, can access the beneficial tax rate on dividend income.
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 extends compliance deadlines and promises tax relief to key groups.
Financial, legal, tax, and HR due diligence will enable foreign companies evaluate every aspect of their potential business undertaking in India.
Tax scrutiny is set to change in India as the assessment process will no longer be jurisdiction based in most cases.
India is extending dates for filing income tax returns and GST compliance procedures among measures to ease burden on businesses and entrepreneurs.
India notified new investment and turnover criteria for enterprises to classify under the category of micro, small and medium enterprises (MSMEs).
Auditors say firms in India may have to reflect the impact of COVID-19 related disruptions on their business operations in financial statements.
India is considering tax breaks and easier loan repayment options for SMEs amid the coronavirus (COVID-19) outbreak.