In this edition of India Briefing Magazine, we make the case for why now is the right time for foreign firms to invest in India’s IT sector. Firms can take advantage of the existing IT infrastructure, new industrial verticals, proliferation of technological startups, and federal incentives. Finally, we discuss India’s talent procurement advantages, with its labor pool of STEM (science, technology, engineering, and mathematics) graduates.
This table shows the rates applied to parts of resident companies' income in India.
This table shows the rates applied to parts of non-resident companies' income in India.
This table shows the rates of depreciation on specific assets of a company in India.
This table shows the rates applied to parts of non-residents' income in India, including royalties, technical services, etc.
The third edition of Tax, Accounting and Audit in India is updated for 2017, and provides an overview of the fundamentals of India’s tax, accounting, and audit regime, including the major tax, legal, and regulatory obligations foreign investors are likely to encounter when establishing or operating a business in the country. This edition of the guide also includes a detailed introduction of the Goods and Services Tax (GST) that was launched on July 1, 2017, representing the complete transformation of India’s indirect taxation structure. This concise and comprehensive guide is ideal for tax specialists, CFOs, compliance officers, and heads of accounting who must navigate India’s complex tax and accounting landscape in order to effectively manage and strategically plan their India operations.
This table shows the aggregation of India's new Goods and Services Tax (GST).
This infographic shows the elements that compose India's Goods and Services Tax Identification Number (GSTIN)
This table shows the Goods and Services Tax (GST) rates applicable for different goods in India.