Tax & Accounting

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  July 20, 2021 by India Briefing Reading Time: 6 minutes
  

  What are the Tax Implications for Cryptocurrency Assets in India?

  Cryptocurrency transactions in India may attract tax liability, but the rules remain unclear as the RBI has not yet granted it the status of a legal tender.
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  July 13, 2021 by India Briefing Reading Time: 3 minutes
  

  India’s New Rule for Computation of Short-Term Capital Gains to Increase Tax Liability for Businesses

  Rule 8AC details the method of computing STCG and written down value for businesses that obtained depreciation on goodwill in FY 2020-21.
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  July 8, 2021 by India Briefing Reading Time: 7 minutes
  

  India Joins Consensus on OECD Tax Deal Ahead of G20 Meeting in Venice

  We briefly explain the tax measures proposed for multinational enterprises in the OECD tax deal and prevailing consensus ahead of the Venice G20 meeting.
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  July 1, 2021 by India Briefing Reading Time: 5 minutes
  

  New TDS/TCS Provisions in India from July 1, 2021

  Key changes affect purchase of goods, pension income, and accelerated TDS rates for non-filers; Aadhar-PAN linkage is important to avoid higher TDS.
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  June 22, 2021 by India Briefing Reading Time: 6 minutes
  

  Why Indian Businesses View Singapore as a Preferred Investment Base in Asia

  Singpore is a preferred investment base for Indian companies and start-up enterprises due to its preferential business incentives, DTA, and entrepot trade.
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  June 14, 2021 by India Briefing Reading Time: 6 minutes
  

  OIDAR Digital Services in India: GST Applicability and Compliance

  In India, 18% GST tax is applicable on digital services categorized as ‘OIDAR’. We explain what services are considered OIDAR and relevant GST compliance.
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  June 7, 2021 by India Briefing Reading Time: 5 minutes
  

  New G7 Proposals on Taxing Multinationals: Implications for Foreign Entities, Digital Companies in India

  The G7 tax proposals on taxing multinationals could impact India’s taxation of non-resident companies and digital businesses.
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  June 3, 2021 by India Briefing Reading Time: 4 minutes
  

  India’s Digital Tax: Rules Where Levy is Applicable, US Response

  The Indian government has clarified that its digital tax will not apply to foreign e-commerce firms with an Indian PE or paying income tax in India.