Other Briefings
Ind-AS: Preparing for India’s New Accounting Standards
Foreign companies establishing a presence in India will encounter a host of considerations that do not exist in their home country. Of these, interpreting and understanding India’s idiosyncratic system of accounting standards can be an especially difficult challenge. In this article, we compare these standards to international norms.
India’s Finance Act 2015: What You Need to Know
The Finance Act 2015 addresses several areas of concern for foreign investors, but falls short of clarity in many respects. Foreign companies doing business in India should not lose sight of the remaining questions when approaching corporate tax planning.
Getting a Handle on India’s ‘Tax Terrorism’ Against Foreign Investors
The tax authorities in India have a very erratic reputation when it comes to their treatment of foreign invested companies in India. Retrospective tax issues have laid bare the disconnect between the government’s investment targets, its bureaucracy and the judiciary.
The Implications of India’s Minimum Alternate Tax (MAT) for Foreign Investors
In April, over 100 Foreign Portfolio Investors (FPI) were served tax notices requiring them to pay the Minimum Alternative Tax (MAT), which traditionally has not been applied to foreign funds. In this article, we discuss how the tax is currently impacting foreign businesses.
Managing Your Accounting and Bookkeeping in India – New Issue of India Briefing Magazine
The newest issue of India Briefing magazine, titled “Managing Your Accounting and Bookkeeping in India”, is out now and available as a complimentary download in the Asia Briefing Bookstore.
Tradable Tax Incentives a Boost for Service Exporters
The federal government is looking to boost India’s services exports via expanding the scope of the existing tax incentive scheme to make it more widely used and effective. The initiative was unveiled in India’s new five-year foreign trade policy on April 1; the plan is a part of the government’s overall strategy to promote service exports for a range of sectors, including consultancies and healthcare.
Preparing your India Business for End of Year Audit
March signifies the last fiscal month of the Indian financial year, meaning this is a good time to get into preparation for your annual Indian audit. Here, we provide keys points for your financial administration team to be aware of in the lead up to audit.
Navigating India’s Goods & Services Tax
The idea of replacing India’s current system of indirect taxes with a Goods and Services Tax (GST) was initially mooted in 2000. In this article, we analyze how the tax will be structured and discuss how it will be implemented.
