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India News




India Clarifies Capital Gains Tax Changes

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, February 14, 2018

India's Central Board of Direct Taxes has released further information on the long-term capital gains tax announced in the recent budget, in the form of a list of answers to frequently asked questions. Read Full Story

 


India Concludes First US Bilateral Advance Pricing Agreement

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, February 7, 2018

The Indian Central Board of Direct Taxes on February 7 announced that it entered into its first ever bilateral advance pricing agreement with a US firm, in cooperation with authorities in the US. Read Full Story

 


India Slashes CIT For More Taxpayers In 2018 Budget

by Mary Swire, Tax-News.com, Hong Kong

Thursday, February 1, 2018

India's 2018 Budget included proposals to expand the scope of the concessionary rate of corporate income tax, an increase to the tax levied in addition to corporate income tax by one percent, and changes to capital gains tax rules. Read Full Story

 


India Eases GST Rules For Cost-Sharing Groups

by Mary Swire, Tax-News.com, Hong Kong

Thursday, January 25, 2018

India has eased the rules concerning the membership fees that can be charged by Resident Welfare Associations – a type of cost-sharing group in India – while remaining exempt from goods and services tax. Read Full Story

 


India's GST Council Agrees Regime Changes

by Mary Swire, Tax-News.com, Hong Kong

Monday, January 22, 2018

India is to cut goods and services tax rates for a wide range of goods and services from January 25, 2018, and pilot the e-way bill from February, the nation's GST Council has agreed. Read Full Story

 


India Mulling Tax On Foreign Solar Products

Mary Swire, Tax-News.com, Hong Kong

Thursday, January 18, 2018

India is proposing to levy a safeguard duty of 70 percent on imports of solar-power equipment from China and Malaysia. Read Full Story

 


US Ambassador Talks Up Possible US-India Free Trade Deal

by Mike Godfrey, Tax-News.com, Washington

Monday, January 15, 2018

The US Ambassador to India has suggested that deepening political and economic cooperation between the US and India could eventually lead to the conclusion of a bilateral free trade agreement. Read Full Story

 


India Reports On Redoubled Tax Enforcement Drive

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 12, 2018

India's Income Tax Department has said it sought to bring criminal charges against 2,225 taxpayers in the period April to November 2017. Read Full Story

 


USITC Confirms Countervailing Duties On Tubing From China, India

by Mike Godfrey, Tax-News.com, Washington

Thursday, January 11, 2018

The United States International Trade Commission will issue countervailing duty orders on imports of cold-drawn mechanical tubing from China and India, after determining that they are causing material injury to US manufacturers. Read Full Story

 


Indian Tax Take Buoyed By High Personal Tax Receipts

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, January 10, 2018

Indian direct tax collections grew by around 18.2 percent year-on-year but the country might miss full-year targets, India's Ministry of Finance has said. Read Full Story

 

 

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