Although the Indian Budget proposal was presented on 28 February 2013, several additional changes have been communicated in the meantime. On 1 August 2013, the Central Board of Direct Taxes issued a notification amending the Income Tax Rules, prescribing the additional information required to be furnished by non-residents along with the Tax Residency Certificate […]
Since the presentation of the Indian Budget proposal for the year 2013 on 28 February several specifications and additional changes have been communicated. The impact of the changes in the Indian Tax law on multinational companies doing business in India include several important factors.
On February 28th, the Indian Budget proposal for the year 2013 was presented in New Delhi. Immediately after, KPMG India started to analyze the impact of the proposed changes in the Indian Tax law on multinational companies doing business in India.