Following the India government’s release of their budget proposals for fiscal year 2021-2022, RSM India published an overview of important corporate and international tax developments that are of relevance and consideration for companies conducting business in India. The 2021 Union Budget proposal covers a wide range of topics of interest to businesses. Salient points are provided below:
Globally active companies who are considering or are currently doing business in or through India should evaluate the impact proposed in the Union Budget 2021 and should consider their response carefully. If you have specific questions about how any of these rules may affect your business, please contact us today. We are here to help.