India Regulatory Brief: Online Portal for Filing Tax Returns, RERA in Effect since May 1
In this week’s Regulatory Brief, we discuss the income tax department’s launch of its online portal for filing tax returns for the AY 2017-18 onwards, the relaxation in the EPF scheme of 1952 that permits PF withdrawal by subscribers to pay medical bills, and the RERA Act that came into effect on May 1, 2017.
The New Benami Act – Considerations for NRIs and Foreign Investors
The new Benami Transaction (Prohibition) Amendment Act, 2016 is an outcome of the Indian government’s war against ‘black money’. In this article, we discuss the strengthened provisions of the Act as it tackles tax evasion in India’s real estate sector.
The Aadhaar Card: Now a Mandatory Proof of Identification
‘Aadhaar’ is a twelve-digit unique identification number issued by the government to all individuals residing in India, regardless of their citizenship. This article discusses its increased importance, latest related regulatory updates, and the process for securing an Aadhaar number.
India Market Watch: Chinese Smartphones Dominating, Karnataka State Most Corrupt
In this week’s Market Watch, we highlight the performance of Chinese smartphone brands in the Indian market, the growth of IT hubs in northeast India and establishment of the third IIG in Agartala, Karnataka’s top ranking in corruption survey, and the potential for business via WhatsApp in India.
Company Setup in India – Establishing Offices and Partnerships
A physical presence in India is essential to break into the country’s emerging market. This article breaks down the types of offices and partnership options available to foreign companies while weighing the respective benefits and drawbacks of each one.
India Regulatory Brief: Cross-Border Mergers Approved for Indian Businesses, Aadhaar Now Mandatory for Expats
In this week’s Regulatory Brief, we look at the shift in policy on mergers and acquisitions in India, the compulsory requirement of Aadhaar for expats living in India beyond 182 days, the move to de-register dormant companies, and the proposed cyber-security unit of the RBI.
Waste Management Opportunities in India’s Smart Cities
India is spending roughly US$15 billion to develop ‘smart cities’ in the face of rapid urbanization. In the final installment of a three part series, this article explores emerging opportunities in waste management, a critical component for the success of India’s planned urban growth.
SMEs and Startups in India’s Waste Sector
In part two of this three part series, we highlight the role played by SMEs and startups in creating a sustainable and professionalized waste management industry. This becomes more important as the government faces a funds crunch to achieve its Swachh Bharat (Clean India) goals.