An Introduction to Doing Business in India 2020

Published: May 2020

An Introduction to Doing Business in India 2020 will provide readers with an overview of the fundamentals of investing and conducting business in India. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, tax, accounting, and audit regime, annual compliance, human resources, payroll, and social insurance obligations in this dynamic market.

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  • No. of Pages: 68 pages

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With an aim to attract foreign investment in India, the government has introduced several measures to improve the country’s business climate. This includes reduction in corporate tax, liberalizing more sectors for FDI, and streamlining the process to start a business in India, to name a few.

The consistent roll-out of reforms and simplification of bureaucratic processing has helped India feature in the list of the top 10 countries showing the most improvement on ease of doing business, for the third time in a row, in the Doing Business 2020 Report published by the World Bank.

India has introduced multiple tax incentives and preferential policies to benefit foreign businesses, especially in case of manufacturing and production. These incentives as well as low labor cost, low setting up cost compared to other countries, and India’s eagerness to be a part of the global supply chain solidifies the country’s position as a viable investment destination for foreign investors.

This publication, designed to introduce the fundamentals of investing in India, was compiled by the experts at Dezan Shira & Associates, a specialist foreign direct investment practice, providing corporate establishment, business intelligence, tax advisory and compliance, accounting, payroll, due diligence, and financial review services to multinationals investing in emerging Asia.

An Introduction to Doing Business in India 2020 covers the following:

  • Corporate establishment;
  • Navigating FDI in India
  • Taxation and audit in India; and
  • Human resources and payroll.

Preface 04

Part 1 | Corporate Establishment 07

What are the options for investment? 08

Entity structures and their setup process 09

India’s free trade agreements 16

Special economic zones 19

Part 2 | Navigating FDI in India 20

Investment climate in India 21

FDI routes and norms 22

Investment procedure 25

Part 3 | Taxation in India 26

Goods and services tax (GST) 27

Corporate income tax 32

Individual income tax 35

Key tax incentives for businesses 38

Part 4 | An Overview of Audit in India 41

Types of audit 42

Managing GST audit 51

Part 5 | Human Resources and Payroll 54

Labor laws 55

Minimum wage in India 58

Key visa types of foreign investors 60

Social security system 64

An Introduction to Doing Business in India 2020 | Asia Briefing
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