India: Foreign tax credit; VAT changes | KPMG | GLOBAL

India: Foreign tax credit; VAT changes; provident fund withdrawals

India: Foreign tax credit; VAT changes

The KPMG member firm in India has prepared reports about the following tax developments (read more at the hyperlinks provided below):


Related content

  • Draft rules concerning foreign tax credit: India’s Central Board of Direct Taxes (CBDT) issued draft rules concerning a foreign tax credit and specifying the procedure for granting relief for income taxes paid in another country of foreign territory. Read an April 2016 report [PDF 296 KB]
  • Value added tax (VAT) rules in Maharashtra: The state government of Maharashtra proposed to amend its VAT laws. Read an April 2016 report [PDF 382 KB]
  • Withdrawn restrictions on provident fund early withdrawals: The Ministry of Labour and Employment announced changes to the Employees’ Provident Funds Scheme, 1952 imposing restrictions on early withdrawals of full accumulated balances in provident fund accounts of employees. Read an April 2016 report [PDF 250 KB]

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