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Economy & Trade

Highlights of the Indian Economic Survey 2023

02/01/2023

The Indian Economic Survey 2023 provides growth projections for the current financial year (FY 2022-23) and prospects for FY24.

India’s Union Budget for 2023-24: Key Highlights

02/01/2023

India's Union Budget 2023-24, announced February 1, promotes infrastructure growth, green industry, and makes changes to the new tax regime. We report the major highlights.

The Netherlands Was India’s Third Largest Export Destination in April-December 2022: Commerce Ministry Data

01/31/2023

A jump in Indian export shipments, especially petroleum products, resulted in a US$12.3 billion trade surplus last year.

India’s Trade and Investment Ties with the Gulf Cooperation Council (GCC)

01/31/2023

India-GCC trade and investment ties have strengthened through economic cooperation and dependencies in the energy, food, human capital, and infrastructure sectors, to name a few.

Tamil Nadu’s Industrial Parks and SEZs under SIPCOT: A Brief for Investors

01/27/2023

We note the industrial parks, SEZs, and growth centers managed by SIPCOT in Tamil Nadu, their locations, and type of industrial activity.

Tax & Accounting

India’s Tax Compliance Calendar for Businesses for January-March 2023

12/29/2022

As India prepares to enter last quarter of FY 2023, we list the due dates and key forms for tax compliances for January-March 2023 period.

India Mulls Changes to its Capital Gains Tax Regime

11/11/2022

Amendments are being proposed to India's capital gains tax regime to make it simpler and streamlined.

Capital Gains Tax in India: An Explainer

11/11/2022

In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961.

India’s Tax Authority Considers Common Income Tax Return, to Include Crypto Assets Declaration

11/09/2022

India has released a draft common income tax return (ITR) that will merge various existing ITR forms and emphasizes comprehensive disclosure of income and assets.

India's Tax Authority Extends TDS Filing Deadline for Non-Salary Transactions to Nov. 30

10/28/2022

The deadline for filing Q2 2022-23 TDS in Form 26Q is extended to November 30, 2022 to give more time to taxpayers facing difficulties.

India’s Mandatory Tax Compliances in September 2022: Key Dates

09/13/2022

We list India’s key dates in September 2022, which are relevant for taxpayers to fulfill their income tax and goods and services tax (GST) related compliances.

Legal & Regulatory

New Shipping Board in India to Fix Tariff at Major Ports, Adjudicate PPP Disputes

01/20/2023

We discuss the launch of the Major Ports Adjudicatory Board and how it will assist port logistics in India and streamline PPP operations.

India’s Draft Online Gaming Rules: What Investors Should Be Aware Of

01/04/2023

India recently published draft rules for online gaming in India and is seeking public feedback through January 17, 2023. We offer an in-depth analysis of the key provisions.

India Appoints Nodal Ministries to Regulate Online Gaming, E-sports Industries

12/28/2022

India has given legitimacy to the online gaming and e-sports industries by designating the IT Ministry and the Sports Ministry as their respective nodal ministries.

2022 Winter Session of the Indian Parliament: A Look at Key Bills

12/13/2022

We list the bills expected to be tabled in the winter session of the Indian parliament - held between December 7, 2022 to December 29, 2022.

Splitting Posts of Chairman and MD/CEO Now Voluntary: SEBI

12/07/2022

India's securities regulator SEBI wants the top 500 listed companies to split the position of chairman and managing director but is making it voluntary due to low compliance.

Appointment and Removal of Independent Directors in India: Alternate Mechanism Notified

11/22/2022

New thresholds have been allowed by SEBI, India's market regulator, for the appointment to and removal of independent directors from boards of companies.

Industries

India’s FAME-II Scheme for Electric Vehicles Gets 80% Bump in Budget Allocation

02/03/2023

India’s budget allocation for the FAME-II scheme to incentivize clean mobility for FY24 is INR 51.72 billion (approx. US$631 million).

Indian Government Tightens Release of FAME-2 Subsidies, Probes EV Makers

01/19/2023

Indian electric vehicle (EV) makers are being subject to tightened scrutiny over their eligibility for FAME-2 subsidies.

Who Are Apple’s Contract Manufacturers in India?

01/18/2023

There are currently three contract manufacturers producing Apple products in India. We discuss where they are based and scope for investment.

India's Skill Gaming Industry: Investment Outlook and Regulatory Landscape

12/28/2022

The skill gaming industry is keenly awaiting regulatory reform to attract greater investments and protect India's largely young gaming population.

Electric Vehicle Industry in India: Why Foreign Investors Should Pay Attention

12/26/2022

The electric vehicle industry in India benefits from 100% FDI allowed, new manufacturing incentives, and increased subsidies under FAME-II.

Complete List of Beneficiaries under India's PLI Scheme for Telecom Sector

12/22/2022

We list the approved companies under India's PLI scheme for the telecom sector, which include MSMEs and foreign firms, as well as the location of their investment.

HR & Payroll

Latest Guidelines on International Travel Applicable to Indian Travelers

01/17/2023

India has relaxed international travel restrictions imposed during the COVID-19 pandemic.

India's Public Holidays in 2023: List of Gazetted and Restricted Holidays

12/09/2022

We note the official list of India's public holidays in 2023. Learn about the best practices for managing public holidays at your business.

A Guide to Minimum Wage in India in 2022

10/13/2022

In this article we answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India.

Talent Acquisition After the Pandemic in India: Tips for HR and Recruitment

09/15/2022

We discuss talent acquisition and retention strategies post-pandemic as companies deal with shifts in work attitudes and employment priorities.

Key Considerations for Expatriates in India: Jobs, Location Costs, and Tax

06/29/2022

We discuss some of the tax, HR, and payroll considerations for expatriates when choosing to relocate to India for work or other purposes.

Human Resources and Payroll in India 2022 – New Publication from India Briefing

05/16/2022

The Human Resources and Payroll in India 2022 Guide covers India’s labor laws and provides operational intelligence related to HR and payroll management.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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