2023 India Budget Alert
The Indian Finance Minister presented the 2023 Union Budget before the Parliament on February 1, 2023.
To know more about the important proposals that impact the Global Mobility space, please read our Alert.
The Indian Finance Minister presented the 2023 Union Budget before the Parliament on February 1, 2023.
To know more about the important proposals that impact the Global Mobility space, please read our Alert.
The Indian Finance Minister presented the 2022 Union Budget before the Parliament on February 1, 2022.
To know more about the impact of the proposals on the Global Mobility space, please read our Alert.
The Indian Finance Minister presented the 2021-22 Finance Bill before the Parliament on February 1, 2021.
To know more about the impact of the proposals to the Global Mobility space, please read our Alert.
The Indian Finance Minister presented the Union Budget for the year 2020-21 before the Parliament on February 1, 2020.
To know more about the important proposals that impact the Global Mobility space, please read our Alert.
The Indian Finance Minister presented the 2018-19 Finance Bill before the Parliament on February 1, 2018.
To know more about the impact of the proposals to the Global Mobility space, please read our Alert.
The Central Board of Direct Taxes has recently updated the India tax return filing rules and has also issued amended tax return forms for the tax year 2016-17. These changes essentially increase the reporting burden for taxpayers and we have summarised the key changes in our 2016-17 Tax Return Alert.
Taxpayers should be aware of these to be better prepared for undertaking their 2016-17 India tax return filing. The due date for the India tax return filing is July 31, 2017.
The Indian Finance Minister presented the 2017-18 Finance Bill before the Parliament on February 1, 2017. The Bill carried few significant proposals that impact the Global Mobility space and we have summarised these in our Budget Alert.
The Finance Bill has been approved by both Houses of Parliament and is currently awaiting Presidential assent.
The Central Board of Direct Taxes has issued a Notification laying down rules and a new Form for claim of foreign tax credit in India. These rules will need to be followed by all taxpayers who are claiming a tax credit in India for tax year 2016-17 and onwards and we have summarised these in our Foreign Tax Credit Rules Alert.
While the process for filing the Form 67 has not been notified yet, we hope this will be notified soon.
The Supreme Court of India has delivered an important ruling on principles to be applied for calculation of ‘monthly pay’ for computing contributions to India Social Security.
To know more about the ruling, please read our Alert.