Doing Business in India
The e-commerce industry in India has witnessed exponential growth in terms of volumes and revenue and is expected to grow to over USD 15 billion by the end of 2015. Despite the unprecedented growth in recent years, the tax framework governing the industry has not managed to keep pace with the rapidly changing business environment. In this article, we discuss some popular types of e-commerce businesses and the tax issues associated with them.
Since the Modi government assumed office last year, there has been substantial dynamism in the tax environment in India. The government has been actively focusing on curbing tax evasion and at the same time, has made active efforts to reach out to taxpayers to clarify its position on tax matters. In this issue, we cover key direct tax developments in India from July to September 2015.
We are pleased to present the third issue of SKP Assurance Insights – our newsletter that aims at providing insights into company law, accounting and assurance related developments in India. In this issue of Assurance Insights, we discuss the Indian Accounting Standards, Component Accounting, and provide an overview of the SEBI (Prohibition of Insider Trading) Regulations, 2015. We also cover key updates in the Companies Act, 2013.