On 28 February 2015, the new Government of India, represented by the Finance Minister, Mr. Arun Jaitley, announced its first full year budget 2015. While there does not seem to be any major changes on the direct tax front, the focus of the budget is to provide confidence in the tax system and to inspire economic growth.
On 10 July 2014, the new Government of India, represented by the Finance Minister, Mr. Arun Jaitley, announced the Union Budget 2014. While there were no major announcements, the budget’s focus is to provide more tax certainty and to reduce litigation.
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 […]