India has delayed the application of its new ‘significant economic presence’ (SEP) provisions until April 2021.
India will raise the turnover threshold for an annual tax audit. The increased limit will apply to businesses that carry out less than five percent of their transactions in cash.
India's tax authority has ruled that revenue generated from cloud hosting services by a U.S. company to Indian consumers is not taxable as 'royalties' under the India-U.S. tax treaty.
India has reduced corporate tax rates for companies incorporated there.