How India taxes expatriates
18 April 2012
Sudhir Nayak, Abbas Jaorawala and Meenakshi Sundaresan of Sudit K Parekh & Co highlight obstacles companies need to overcome when sending employees on secondments to India.
|Expatriates coming to India need to know what their tax exposures are
Source: Condor Kristen
There are very few economies which appear as exciting to businesses
as the Indian economy. Despite there having been a global slowdown and
recession, India has managed to achieve the feat of growing at an
average rate of 8.8% of GDP in the last five years. This growth is
mainly a result of the increasing inflow of foreign investment in India
by various multinational companies (MNCs). The inflow of these MNCs to
India has also brought a significant inflow of human capital such as
expatriates to India. A growing need has been felt by the MNCs to depute
employees to India to maintain global standards and to overlook Indian
operations. These expatriates bring their expertise in various
management, technical and consulting fields to the developing Indian
market which has to be encouraged and appreciated.
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