An Introduction to Doing Business in India Guide 2021_Preview

6 AN INTRODUCTION TO DOING BUSINESS IN INDIA 2021 Table of Contents 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 20 Special economic zones 25 Part 2 | Navigating FDI in India 27 Investment climate in India 28 FDI routes and norms 30 Investment procedure 33 Part 3 | Taxation in India 34 Goods and services tax (GST) 35 Corporate income tax 42 Individual income tax 44 Key tax incentives for businesses 47 Part 4 | An Overview of Audit in India 50 Types of audit 51 Managing GST audit 60 Part 5 | Human Resources and Payroll 63 Labor laws 64 Minimum wage in India 68 Key visa types applicable to foreign investors 69 Social security system 72