Doing Business with India

On this page:

  • Basic Information about India
  • Legal System and Laws in India
  • Corporate Taxes in India
  • Tax Incentives for Exporters
  • Double Taxation Treaties
  • Transfer of Technology
  • Repatriation
  • Privatization in India
  • Litigation in India and Dispute Resolution in India
  • Arbitration in India
  • Joint Ventures in India by Foreign Investor
  • Establishing a Subsidiary in India by Foreign Investor

Some Basic Facts about India

Did you know that India.....

  • is the world's second largest small car market
  • is one of only three countries that makes its own supercomputers
  • is one of six countries that launches its own satellites
  • one hundred of the Fortune 500 have R & D facilities in India
  • has the second largest group of software developers after the U.S.
  • lists 6,500 companies on the Bombay Stock Exchange (only the NYSE has more)
  • is the world's largest producer of milk, and second largest producer of food, including fruits and vegetables
  • is a world economic power, with growth over the past few years averaging 8%
  • is the world's fourth largest economy, based on purchasing power parity
  • sends more students to the U.S. A. colleges than any other country in the world (In 2007, over 84,000 Indian students enrolled in the U.S. A.)
  • has the world's second largest pharmaceutical industry after China
  • has a middle class estimated at 300 million out of a total population of 1 billion with its large base of English speaking skilled human resource, it is most sought after destination for business process outsourcing, Knowledge processing etc.
  • is the second largest English-speaking scientific, technical and executive manpower in the world
  • produces more than 900 movies a year - significantly more than the USA
  • has become increasingly attractive to foreign investors in various sectors
  • its low costs and huge, English-speaking, workforce have made it popular with multinationals for work including manufacturing and call centers.
  • provides many tax exemptions to companies set up in Special Economic Zone
  • provides many tax incentives available to IT companies, business process outsourcing and KPO companies
  • has a stable political system based on parliamentary democracy
  • has a common law legal system with English as a court language
  • is emerging as a major market and investment destination.

India is the largest country in South Asia and the seventh largest in the world. China, Nepal and Bhutan are the neighboring countries in the north, Bangladesh and Burma in the east and Pakistan and Afghanistan in the west. In the south the country tapers off into the Indian Ocean. India is the second most populous country in the world, with over one billion people. India is the largest democracy in the world. English is extensively used for business and is understood almost all over India. The Indian Rupee (International symbol is INR) is the country's currency. India is committed to a free economy after having an economy controlled by licensing until 1991. India has become a member of the WTO and is disbanding quantitative restrictions on imports.


News & Events

Most of top listed firms fail to meet minimum CSR spending
Complaints regarding bounced cheques
Food vouchers cannot be taxed
CBDT ups monetary limit for court appeal by I-T
Direct, indirect tax wings to be merged under revenue dept
CBDT Simplifies Norms of Pre-filling TDS Data Online
RBI Cuts SLR by 100 bps in Credit Boost
Relief for FIIs as income-tax department clarifies rules on defective returns
India fourth-largest source of blackmoney Report
Govt nod for radical recast of real estate regulations
Indirect tax collections up 34% during Apr-Nov
RBI ready to intervene in exchange-traded currency derivatives segment
Taxing Times Barters and Exchanges to Carry GST
Computer-based Scrutiny to be Used by CBDT Jaitley
GST plunges into fresh uncertainty
Cabinet may take up power tariff policy this week
Govt to abolish Plan, non-Plan expenditure classifications
Exemption list to be pruned for GST
Centre, RBI look to ease IDR norms
GST Bill unlikely to be discussed before Dec 14
Cheque Bounce Cases Can Now be Filed Where It is Presented
Dynamic base- rate pricing to help new borrowers
FinMin wants EPFO rate to remain 8.75%
CBDT notifies emails as new communication mode
Govt orders quick issue of I-T refunds under Rs.50,000
GST Tax Rate Finds Room in Draft Law
Call on Small Savings Rate Likely by Month End
Anti-dumping Duty Now Imposed on Kitchenware
Cues on GST Bill, rupee, global factors hold key for markets this week
CEA panel for removing tax on inter-state trade
Banks on takeover drive of defaulting companies
RBI cancels licences of 56 NBFCs
FM for Cautious Cut in Small Savings Rate
No woman on board 2,690 firms to get notice
Draft norms on marginal cost of fund not feasible SBI
Regulator issues discussion paper on 'green bonds'
Lower import duty for gold refineries discriminatory Jewellery industry
Govt may Scrap 1% Inter-State Tax to See GST Through
Cos Rework Strategies for Online Reputation
P-Notes Norms Already Robust, Says Sinha
Sebi cracks the whip on errant MFs
Banks in talks with temple trusts to push gold scheme
You Can Soon Make Govt Payments Via Mwallets
More room for banks to cut lending rates RBI
Bill to amend Prevention of Corruption Act
EPFO allows filing of PF withdrawal claims withoutemployer’s attestation
Framework for issue of convertible bonds proposed
SEBI Begins Exit Process For Dissenting Investors
Q2 growth at 7.4%, with manufacturing boost
Foreign borrowing norms relaxed
Sebi green light for exchange IPOs
Relaxation of additional fees and extension of last date of in filing of forms MGT-7 and AOC-4
Listing norm breach may lead to freezing of promoter holding
Sebi Grants Exit Option to Dissenting Investors
Modi's tea diplomacy stirs hopes on GST
Debt paper Rule change likely forMF investment
The government’s Plan B for GST
Sebi to set rules, offer sops for green bonds
RBI clears way for ‘ vulture’ funds
GST Govt positive, Cong seeks assurance on rate
Central Bank May Make it Easier to Monetise Gold
Law in the Works to Increase Minimum Wages of Workers
Govt Offers Tax Sops to Spur Shipbuilding
Market verdict Rajan to hold interest rate
Congress, government say ready for GST discussion
Govt readies new policy on start-ups
FM calls Congress suggestions on GST ‘preposterous’
EPFO to rethink equity play after cold debut
Indeed, 18% is a Sensible GST Rate
Investors Sell `Old' Tax-Free Bonds to Put Money in New
Land Bill Panel to seek extension
Trade Transfer Pricing Norms Set for Recast
Subramanian Panel may Suggest 18% GST Rate
Why 25% is actually more than 33% in case of corporate tax
Govt looks to curb domestic circulation of black money
Winter session unlikely to see GST breakthrough
Norms to curb tax evasion by Indian multinationals soon
Govt to simplify I-T return forms
Govt May Consolidate Pvt Sector Employee Benefits
Most corporate tax breaks may be phased out in FY18
States divided on GST threshold
Gold schemes draw lacklustre response so far
Finance Minister launches the “e-Sahyog ” pilot project of the Income-tax Department
Finance Minister’s Budget announcement– phasing out plan of deductions under the Income - tax Act
Norms relaxed as only 400 gm gold deposited
Scheme to help MSMEs acquire cleaner tech
Govt mulling import duty rise for aluminium
Services Exempted from Tax Won't Attract Swachh Cess
States that simplify tax rules stand to gain over others FM
Divestment exports infra get govt push
Vodafone for conciliation on tax dispute
Exporters to Receive 3% Interest Subsidy for 5 yrs
Now, withdraw cash from a retailer
Aggregators Too Get a Service Tax Reminder
Hike in duty drawback rates won't help much say exporters
Short-term Borrowing Rates on the Rise
In coming Parliament session, govt might be less rigid
Sebi frowns at low retail IPO demand
India’s growth to exceed 7.3% in FY16
Auditors Use Algos to Scan Books Minutely
Low demand eats into input cost benefits
FDI was Just a Trailer, Reforms Film a Long One
India's CESS WEB