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.
India has released its Budget 2018-2019, which includes measures to promote the growth of venture capital funds and angel investors.
Article 5 of the India-US Income Tax Treaty indicates that services provided in India will constitute a permanent establishment in India.
The Indian Tax Authority has extended the deadline for filing income tax returns and various audit reports.
The tax authority in India recently issued revised safe harbor rules.
India announced the 2017 budget.
To remain competitive with China, the India Finance Minister, Arun Jaitley, has stated that India will reduce its corporate tax rate from 30% to 25%.
For international businesses withholding taxes on service fees can amount to a sizeable expense. The rate of tax applied is often mitigated by a reduced treaty rate agreed upon between contracting countries.
A new form for tax audits includes revisions and additional requirements to Forms 3CA, 3CB, and 3CD