Maharashtra’s Investment Incentives for 6 Top Industries

Maharashtra is among the most industrialized states in India and a popular destination for foreign investors. Here, India Briefing describes the incentives available for Maharashtra's six top industries.

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The Shops and Establishment Act in Delhi, Haryana, and Uttar Pradesh

Businesses setting up in Delhi NCR should review the shops and establishment law in each state - Delhi, Haryana, and Uttar Pradesh to see which act best suits their business, while employers across the region need to ensure their HR policies are compliant.

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Branch Offices in India: How to Set Up

A branch office is a suitable business model for foreign companies looking to establish a temporary presence in India.

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The Andhra Pradesh Shops and Establishment Act, 1988: Scope, Registration, and Compliance

Andhra Pradesh Shops and Establishment Act registration is a mandatory requirement for all companies, persons, and legal entities planning to set up a shop or commercial establishment in the state. Review the Act here to ensure that your HR policies and handbook are complaint.

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Cars24 shuts down outlets in Delhi, addressing 'anomalies'

As consumption slowdown and liquidity crunch hit the auto industry including the second-hand car market, Gurugram-based online used car marketplace Cars24 has reportedly shut down a dozen stores in the national capital, saying it is in the process of "addressing anomalies".

India’s Tech Hubs: Bengaluru vs Hyderabad

Both Bengaluru and Hyderabad have a thriving information technology (IT) industry and start-up culture. Read to know where should you locate your business.

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India Income Tax Calculator for AY 2019-20

The last date for filing income tax returns for FY 2018-19 (AY 2019-20) is July 31, 2019. Use our income tax calculator to determine your tax obligations in India.

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Karnataka Shops and Establishment Act, 1962

Karnataka Shops and Establishment Act registration is a mandatory requirement for all companies, persons, and legal entities planning to set up a shop or commercial establishment in the state. Review the Act here to ensure that your HR policies and handbook are complaint.

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Ashok Leyland temporarily shuts Pantnagar plant

Commercial vehicle maker Ashok Leyland on Monday said that owing to "weak demand and outlook for the industry", it will close its Pantnagar (Uttarakhand) plant for eight days.

Ports in India: Where to Find the Most Efficient Port

Ports play a critical role in improving competitiveness of importers and exporters in a country. In this article, we examine the current state of ports in India, latest trends, and performance metrics.

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India’s Union Budget 2019-20: Roadmap for a US $5 Trillion Economy

India's new government has announced the first Union Budget of its second term with a focus to drive India to higher economic growth. Read to know the key announcements and proposals made in the budget.

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Budget will facilitate steel industry growth

The Union Budget compliments the expectation of steel industry and other related industries. SAIL is completely geared up to cater to every requirement of governments roadmap to reform, perform and transform India. Steel Authority of India Limited (SAIL) is committed to fulfil the expectations of Indians as it has been doing for the last sixty years.

Telangana industry calls Budget balanced, pro-growth

Industry in Telangana on Friday termed the Union Budget 2019-20 as balanced and pro-growth.

US-China Trade War Opens Opportunities for India’s Exports

Read to know the list of items where India can replace US products in China, and Chinese products in the US.

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India’s Export and Import Trends 2018-19

Monitoring the evolving nature of exports and imports can help investors identify market opportunities in a country.In this article, Read to understand India's latest export and import trends.

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New launches help companies buck slowdown in auto sales

Bucking the slowdown trend in the auto industry, new products by a few carmakers have seen accelerated sales in an overall subdued off-take environment.

Tripura Revises Industrial Policy, Extends Subsidies to Large Industries

Tripura is the second largest natural rubber produces after Kerala, and has big natural gas, and oil reserves that offer a huge scope for setting up rubber and gas based industries. In this article, we list the incentives available for setting up industries in the north-eastern state.

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The Goods and Services Tax in India – New Issue of India Briefing Magazine Out Now

The latest issue of India Briefing Magazine - "The Goods and Services Tax in India", is available for download from the Asia Briefing Publication Store.

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R&D in India: Trends and Opportunities

India has emerged as the choice location for cutting-edge Research and Development (R&D) projects for global companies across industries. Read to know about the advantages of setting up R&D center in India.

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CII suggests creation of National Employment Board

The Confederation of Indian Industry (CII) on Sunday recommended the creation of a National Employment Board cosisting of members from key Union Ministries, all state governments, industry experts and trade unions, among others, to look into and address issues faced in employment creation in the country.

Special Economic Zones and Warehousing Clusters in Mumbai

Foreign companies investing in an SEZs can save up to 20-30 percent of the cost of setting up a production unit. Read to know about the incentives for setting up an SEZ, and the SEZs and warehousing clusters located in Mumbai.

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Telecom tower firms seek more relief, priority lending

The telecom tower industry has urged the Finance Ministry to allow accelerated depreciation rate of 65 per cent on batteries, 20 per cent funding through External Commercial Borrowings (ECB) for the working capital and inclusion of telecom towers in the priority sector for lending by banks.

Foreign Currency Accounts by Resident and Non-Resident Persons in India

In this article, we discuss the regulations relating to foreign currency accounts and deposits made by a person resident in India and a person resident outside India.

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Shutting down casinos not practical, says Goa Minister

A month after Goa BJP president Vinay Tendulkar said that the party had urged the BJP-led state government to consider shutting down casinos, state Environment Minister Nilesh Cabral on Friday said that this step was "not practical" because of the employment they generate and ancillary businesses which the industry feeds off.

Special Economic Zones and Warehouse Clusters in the Delhi NCR

SEZs are an ideal investment destination for many foreign investors coming to India. Read to know about the incentives for setting up or developing an SEZ, and the SEZs and warehousing clusters located in Delhi NCR.

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Paint makers optimistic on growth in 2019-20

Despite slowdown in automotive sector, the paint makers remained optimistic about the industry's growth in the current fiscal, an official said on Friday.

Full text of Azim Premji's letter to Wipro employees

Signalling the end of an era, Indian IT industry czar and Wipro founder Chairman and Managing Director Azim H. Premji (73) will retire on July 30.

India: Your China Plus One?

Businesses adopt the China plus one model to reduce operating costs, diversify work forces and supply chains, and access new markets. India is an ideal alternative destination, offering the world’s third largest market, labor surplus, and cheaper wages aside from ongoing economic reforms.

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Wipro's Premji to retire on July 30, son to succeed

Signalling an end of an era, Indian IT industry czar and Wipro Founder Chairman and Managing Director Azim H. Premji, 73, will retire on July 30. His son and the company's Chief Strategy Officer Rishad Premji will succeed him on July 31 as the Executive Chairman, the global software major said here on Thursday.

How IFIN audit panel lived in denial deliberately

The S.S. Kohli-helmed IL&FS (IFIN) audit committee chose to live in denial, ignoring whistleblower complaints, RBI inspection reports and even best of breed industry practices to obfuscate facts and figures and generally muddy the waters. It was obvious that this was being done in connivance with the management.

Vistara grounds first Boeing jet due to technical glitch

Full-service carrier Vistara's first Boeing aircraft has been grounded due to an engine related technical glitch, industry sources said on Tuesday. The airline, however, rebuffed the claim and stated that the aircraft had been sent for a routine maintenance check.

Capital Gains Tax in India: An Explainer

In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. This article aims to help you determine your tax liability on gains arising from the transfer of property or financial assets in India.

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印度PAN永久账号申请程序

印度PAN，永久账号是由印度所得税当局分配给每个纳税实体、外商投资企业和个人的10位数字和字母的唯一身份证明。本文将为希望在印度投资经营的企业介绍印度企业永久账号（PAN）卡的申请程序。 税务部门以卡的形式，使用PAN号码作为通用识别密钥，来跟踪可能含有应税的金融交易，以防止逃税，并督促企业遵守适用的税法。 永久账号（PAN）也作为个人的重要识别手段，被全国所有政府和非政府机构广泛适用。 任何涉及所得税项和高价值的交易都必须有永久账号（PAN），虽然永久账号（PAN）是可选申请的。此外，开设银行账户、工资支付和其他固定资产买卖等等都需要永久账号（PAN）。 外商投资企业的印度子公司的所有外国董事或负责人，无论是否居住在印度，都必须注册永久账号才能运营。 印度的所得税法规定，以下类别的个人必须申请永久账号： •个人总收入超过免税最高限额的； •应缴纳服务税的个人及其代理； •从事任何商业经营的个人总营业额在一年内超过基本限制； •所有需要申报所得税的个人； •所有进口和出口商； •所有计划在印度注册制造商、贸易商或服务提供商的进出口商； •所有计划参与必须有PAN的特定交易的个人。 必须有PAN的交易 在下列交易中，除政府部门外，所有人士均须持有永久账号： •出售或购买价值100万卢比（合14,056美元）或以上的不动产，在与该不动产的购买或出售文件中应披露PAN； •销售或购买除两轮车外需要登记的机动车； •任何一天总购买银行汇票、支付订单或银行支票大于50,000卢比（703美元）的； •用于前往外国旅行（费用或购买外币）超过50,000卢比（703美元）现金的； •用于支付酒店和餐厅账单的超过50,000卢比（703美元）现金的； •开立银行账户； •申请信用卡或借记卡； •银行的现金存款为50,000卢比（合703美元）或更多时； •用于购买基金或购买股票的大于50,000卢比（703美元）或以上的，或者用于支付购买公司/机构债券，或购买印度央行的债券的； •年寿险保费超过50,000卢比（合703美元）； •每笔交易超过20万卢比（合2,811美元）的购买商品或服务（包括珠宝）的。 如果任何没有PAN的个人，却参与以上任何一项交易，均须在印度的个人所得税网站上提交表格60来申报该交易。 此外，重要的是要注意，在上述某些交易中，外国国民可以不需要PAN。 申请程序 首次申请PAN号码的申请人必须填写以下表格之一，表格可在印度税务局网站下载： •适用于印度公民的表格49A，无论当前是否居住在印度； •外籍人士填写表格49AA。 表格需要基本信息，如姓名、地址（永久和正式）、联系电话、有效电子邮件地址、父亲姓名和出生日期。 除申请表外，申请人必须提供一份确认表格、两张照片及其他文件。 对文件的要求因地区、申请人的国籍而有区别。 PAN申请所需的文件——个人 申请人须提供下列其中一份文件的副本，以作身份证明： •护照； •选民身份证； •驾驶证； •Aadhaar卡（由印度唯一识别机构签发）。 •以银行包含分行的抬头纸签发的银行证明原件，包含及申请人的照片和银行账号。 对于居住证明，请提供下列其中一份副本： •护照； •选民身份证； •驾驶证； •Aadhaar卡； •银行对账单或存折； •信用卡； •水电费账单； •信用卡； •雇主证书； •录取通知书。 对外国人的具体要求 外国人需提供以下列证明文件，复印件必须经由印度驻该国大使馆公证并认证：[.....]

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Leading online payments with over 50% market share: Paytm

Digital payments firm Paytm on Friday announced it has grabbed over 50 per cent market share in the payment gateway industry.

India’s Land Acquisition Law – What Investors Need to Know

Land acquisition is a major bottleneck for companies looking to invest in India. Read to know about India 's Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013 and how it impacts your business planning in India.

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Look where NRIs are investing in India

Non-resident Indians (NRI) deposits and remittances are an important source of foreign exchange for India. Read to know where NRIs invest in India.

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Joint bid for Jet Airways innovative but complicated: Experts

With conventional solutions remaining elusive for the grounded Jet Airways, industry experts see a joint bid for the airline by strategic and financial investors as a viable option wherein risks can also be hedged.

Tech industry hails the return of BJP

Tech titans on Thursday hailed the return of the Bharatiya Janata Party (BJP) at the Centre, saying the strong mandate would give a renewed push for a digital India.

Joint bid for Jet Airways innovative but complicated: Experts

With conventional solutions remaining elusive for the grounded Jet Airways, industry experts see a joint bid for the airline by strategic and financial investors as a viable option wherein risks can also be hedged.

Nilekani advises certification for skills in food services

Indicating formalisation of the food services industry was inevitable in India, Infosys co-founder Nandan Nilekani on Monday advised stakeholders to have a certification system for skills of their employees in the supply chain.

US-China Trade War Boosts India’s Appeal as a Manufacturing Hub

As the US-China trade war escalates, hundreds of American companies are looking to shift their supply chains away from China. In this article, we discuss India's rising appeal as a low-cost manufacturing alternative to China.

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Clarity on Jet Airways expected in a week

It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a week's time.

Vodafone Idea rights issue erodes 21% shareholding value

The recently concluded Vodafone Idea rights issue has resulted in losses for the public shareholders, eroding 21 per cent of their shareholding value, according to industry sources.

Impact of GST on Imports and Exports in India

Launched on July 1, 2017, the GST has changed the way businesses are done in India. In this article, we examine the impact of the GST on imports and exports through changes in the structure of taxation, and the withdrawal of some indirect taxes and exemptions.

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RIL acquires global toy firm Hamleys for Rs 620 cr

In a bid to become a dominant player in the global toy retail industry, Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday announced it has acquired iconic British toy retailer Hamleys from Chinese fashion wear firm C Banner International.

'Jet unlikely to get serious bid, banks stare at massive loan write-offs'

The stake sale process initiated by State Bank of India-led lenders for the grounded Jet Airways is unlikely to get any "serious bid" from investors and public sector banks may be looking at massive write-off of loans, aviation industry sources said.

India’s Top Investment Destinations

Every state in India presents a unique economic profile. Here, we provide an economic overview of India's top five investment states - Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu.

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How to Manage the New GST Audit in India

The purpose of GST audit is to allow taxpayers to assess their own tax liability without any intervention from tax authority. The last date for filing GST audit report for fiscal year 2017-18 is June 30, 2019.

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Provident Fund Scheme for International Workers in India

In India, it is mandatory for international workers to contribute to the country's employment provident fund and insurance scheme. Read to know about the provident fund for international workers and social security agreements in India.

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Applying for Tax Incentives in India: Frequently Asked Questions

Tax incentives are available to businesses in India depending on the economic activity, industry, location, and size of the firm. In this article, we answer FAQs on applying for tax incentives and breaks in India.

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