Our collection of resources based on what we have learned on the ground
Resources
Q&A
What other tax obligations might be imposed on foreign-invested enterprises in I...
- December 2012
- Members Access
First of all, excise duty is also termed as central value-added tax, which is applicable to goods manufactured in India on the value of goods sold or the maximum retail price of the goods sold, depending on the type of goods in question. It is curren...
magazine
The Asia Tax Comparator
- November 2012
- Members Access
In an increasingly inter-connected Asia, many foreign investors are looking beyond China, using the lens of their China experiences to understand the investment environment in countries like India and Vietnam.
infographic
Corporate Income Tax in India
- November 2012
- Members Access
The table shows the difference of Corporate Income Tax (CIT) rate between domestic and foreign companies in India.
magazine
Establishing a Business in India
- November 2012
- Members Access
Expats working in India and business people visiting the country for the first time generally agree that India is different; that it stands apart from other developing nations in the business opportunities it presents.
Q&A
How is residency defined under Indian law?
- November 2012
- Members Access
Personal taxation in India depends on the income source and a person’s residential status, which is determined by the length of time spent in India. Residential statuses include: resident and ordinarily resident (ROR), resident but not ordinari...
infographic
Corporate Income Tax and Minimum Alternative Tax by Business Type in India
- November 2012
- Members Access
For different business types in India, the corporate income tax (CIT) and minimum alternate tax (MAT) are different.
Q&A
What are the important concepts in determining a permanent establishment (PE) in...
- November 2012
- Members Access
Important concepts in determining a permanent establishment include: Business Connection - If there is no business connection between a non-resident entity and a resident-entity, the resident entity may not be a permanent establishment of the non-...
Q&A
How to close wholly owned subsidiary (WOS) in India?
- November 2012
- Members Access
A wholly owned subsidiary can be wound up as per the guidelines issued by the act in consultation with Ministry of Corporate Affairs (MCA). The procedural aspects involved in winding up involve: Approval of Shareholders and Creditors; Affidavit f...
Q&A
For limited liability companies, what are the legal requirements for board meeti...
- November 2012
- Members Access
The Companies Act makes it mandatory for limited liability companies (including wholly owned subsidiaries) to hold a meeting of the board of directors every quarter. Minutes of these meetings should be approved and signed by the chairman, bound and a...
Q&A
For limited liability companies, what are the legal requirements for annual gene...
- November 2012
- Free Access
Requirements for an annual general meeting include: Shareholders who are unable to physically attend any annual general meetings may appoint any natural person as their proxy, with a minimum of two shareholders or authorized representati...
infographic
Compliance Obligations for different Entity Type in India
- September 2012
- Free Access
The table shows the compliance requirements of tax compliance, annual activity reporting, annual compliance, and ongoing compliance for different foreign-invested entity type.
infographic
Legal Entity Types in India
- September 2012
- Free Access
The table shows the different types of legal entity in India, including Branch Office (BO), Liaison Office (LO), Project Office (PO), as well as Wholly Owned Subsidiaries and Joint Ventures.
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