Other Briefings
India to Implement FATCA
The Reserve Bank of India and the Securities and Exchange Board have announced India’s timeline for full Foreign Account Tax Compliance Act (FATCA) implementation.
India’s Tax Administration Reform Commission (TARC) Releases First Report
India’s Tax Administration Reform Commission (TARC) has submitted its first report suggesting a variety of changes to India’s tax administration framework. Constituted in August 2013, the TARC is charged with identifying key areas for improvement in India’s tax system.
India Reviewing Cyprus Tax Treaty to Reduce Withholding Tax Issues
India may soon revise its DTAA with Cyprus and restore a 10 percent withholding tax rate in light of recent progress in tax information sharing.
Analyzing the Auditor’s Report in India
In this article, we introduce the role and scope of an auditor’s report in India, and highlight the important sections of their brief.
India and Mauritius to Begin Automatic Exchange of Tax-Related Information
With new data indicating Singapore overtook Mauritius as the leading source of FDI into India last year, Mauritius has announced it will begin participating in an automatic exchange of tax-related information with the Indian government.
Detecting and Avoiding Fraud in India
For companies with operations in India, it is important to maintain an awareness of what constitutes fraud, and the fine line between fraud and error during an audit. Here, we outline common forms of fraud and review risk management protocols that can help enterprises avoid these pitfalls.
Ensuring a Smooth Audit in India: Key Considerations
With proper advice and some relevant knowledge of the local operating environment, foreign investors will find that India’s legal and financial operational procedures are not as complex as they may have initially thought.
IFRS Convergence: Audit Season in India
While accounting standards in India differ slightly from the International Financial Reporting Standards (IFRS), Indian Accounting Standards are likely to converge with the IFRS in the foreseeable future.
