Tax & Accounting

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  June 4, 2019 by India Briefing Reading Time: 3 minutes
  

  Capital Gains Tax in India: An Explainer

  In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. This article aims to help you determine your tax liability on gains arising from the transfer of property or financial assets in India.
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  May 15, 2019 by India Briefing Reading Time: 2 minutes
  

  Impact of GST on Imports and Exports in India

  Launched on July 1, 2017, the GST has changed the way businesses are done in India. In this article, we examine the impact of GST on imports and exports.
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  May 8, 2019 by India Briefing Reading Time: 4 minutes
  

  How to Manage the New GST Audit in India

  The purpose of GST audit is to allow taxpayers to assess their own tax liability without any intervention from tax authority. The last date for filing GST audit report for fiscal year 2017-18 is June 30, 2019.
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  May 1, 2019 by India Briefing Reading Time: 2 minutes
  

  Applying for Tax Incentives in India: Frequently Asked Questions

  Tax incentives are available to businesses in India depending on the economic activity, industry, location, and size of the firm. In this article, we answer FAQs on applying for tax incentives and tax breaks in India.
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  April 9, 2019 by India Briefing Reading Time: 2 minutes
  

  India-US Sign Pact for Exchange of CbC Reports

  Indian subsidiaries of US multinational corporations (MNCs) will no longer have to locally file the country-by-country (CbC) reports of their international group in India. Read to know more.
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  March 27, 2019 by India Briefing Reading Time: 5 minutes
  

  Filing Income Tax Returns in India

  Income tax returns in India must be filed by the deadline of July 31, 2018, where the income earned during FY 2017-18 will be accounted for. Filing after the deadline will incur penalties.
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  March 15, 2019 by India Briefing Reading Time: 2 minutes
  

  Audit in India – New Issue of India Briefing Magazine Out Now

  The latest issue of India Briefing Magazine – “Audit in India”, is available for download from the Asia Briefing Publication Store.
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  March 14, 2019 by India Briefing Reading Time: 4 minutes
  

  GST Composition Scheme for SMEs in India

  The composition scheme under the Goods and Services Tax allows SME suppliers of goods (intrastate) to file their GST returns at a fixed rate. We discuss the advantages and challenges of the scheme.