Introduction Foreign Currency Non-Resident (Bank) [FCNR(B)] Deposit is a fixed deposit scheme of the authorized Indian banks for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). The FCNR(B) deposit …
A non-resident opening a Project Office in India may view it as a temporary business setup, but from India’s tax perspective, it can quickly become a taxable presence. Now the …
A good tax system should be uniform for all similar businesses. India has made a step in that direction by fixing a huge gap in the Minimum Alternate Tax (MAT) …
A long-standing tax ambiguity around foreign-owned equipment has now been addressed. This change could significantly influence how companies structure their operations in India, making the country a more predictable and …
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