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.
Rule 8AC details the method of computing STCG and written down value for businesses that obtained depreciation on goodwill in FY 2020-21.
We briefly explain the tax measures proposed for multinational enterprises in the OECD tax deal and prevailing consensus ahead of the Venice G20 meeting.
Key changes affect purchase of goods, pension income, and accelerated TDS rates for non-filers; Aadhar-PAN linkage is important to avoid higher TDS.
Singpore is a preferred investment base for Indian companies and start-up enterprises due to its preferential business incentives, DTA, and entrepot trade.
In India, 18% GST tax is applicable on digital services categorized as ‘OIDAR’. We explain what services are considered OIDAR and relevant GST compliance.
The G7 tax proposals on taxing multinationals could impact India’s taxation of non-resident companies and digital businesses.
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.