A little more than six months ago, Indian officials asked taxpayers to comment on a new 256-page document that ripped up the country's 49-year-old income tax law. This was the first time that a tax law had been passed to taxpayers for consultation of any sort. The document, known as the Direct Tax Code (DTC), introduced widespread changes to the tax system all in the name of simplification and ease of use. But now, Jack Grocott discovers taxpayers and tax professionals are concerned that the code needs a drastic overhaul if India is to operate with an internationally-respected tax system that attracts foreign investment.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Gregor McMillan of Howden explains how insurance-backed financing can help businesses and funds unlock liquidity from tax receivables and other contingent claims
The big four firm has been embroiled in a scandal over partners’ misuse of confidential board papers to pitch for and win corporate audits for Westpac and Dexus
Drawing on lessons from the PepsiCo case, tax lawyer Paul McNab explains why the ATO's latest royalty guidance should concern multinationals well beyond the technology sector
As pillar two exposes the limits of fragmented tax processes, organisations are rethinking their operating models to create the trusted data foundations that AI demands