India has introduced a new withholding tax regime for e-commerce transactions.
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.
The Indian government has proposed a new tax on e-commerce transactions.
India has abolished its Dividend Distribution Tax regime.
India has reduced corporate tax rates for companies incorporated there.
India has introduced a new system for the submission of foreign liabilities and assets.
India’s Income Tax Department has issued revised guidelines for the ‘compounding of offences under direct tax laws, 2019.’
Any company incorporated on or before December 31, 2017 must file an electronic form providing certain company details. The new e-Form Number INC-22-A ACTIVE (Active Company Tagging Identities and Verification) must be filed by April 25, 2019.
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.