Other Briefings
GSTR-3B: Filing GST Returns in India
GSTR-3B is an alternate form to GSTR-3 till June 2018. We evaluate how its introduction to ease the changeover for businesses from the previous tax system has panned out.
Tax Incentives in India – New Issue of India Briefing Magazine Out Now
Foreign investors should note that tax benefits in India are determined by economic activity, industry, location, size of firm, and time since incorporation. In this issue of India Briefing magazine, we examine India’s corporate tax structure and strategies to offset the tax burden.
India – Hong Kong Sign Double Tax Avoidance Agreement
India and the Hong Kong entered into a double tax avoidance agreement on March 19, 2018. The DTAA provides clarity regarding tax rates and tax jurisdictions; firms will now be taxed in only one of the signatory countries.
Minimum Alternate Tax in India: Foreign Infrastructure Companies Exempt
India proposes to exempt foreign companies with a permanent establishment in India in oil drilling, shipping, air transport, and turnkey construction projects from the MAT. Instead, these companies will only need to pay a presumptive tax.
Permanent Establishments in India under BEPS Norms
Tightening regulation of permanent establishments in India follows from BEPS Action Plan 7, which toughens the definition of the business connection regime. Here, we discuss the new rules for Agency Permanent Establishments and Digital Permanent Establishments.
Access India and ASEAN through Singapore
Singapore is an ASEAN member, which can service firms interested in doing business with India as well as other nations within ASEAN. Here we discuss how foreign investors can qualify to participate in ASEAN’s FTAs through Singapore.
Corporate Income Tax in India
A company, whether Indian or foreign, is liable to pay corporate income tax under the country’s Income Tax Act, 1961. Here we state the CIT structure in India.
Transfer Pricing Dispute Resolutions in India: New Relaxations
India will now accept requests for mutual agreement procedures and bilateral advance pricing agreements in transfer pricing disputes with all countries irrespective of the existence of specific provisions in the Double Taxation Avoidance Agreements (DTAAs).
