India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
The Central Board of Direct Taxes has clarified that the General Anti Avoidance Rules (GAAR) will not apply to income from investments made before April 1, 2017, addressing concerns about retrospective applicability. This amendment ensures longstanding clarity for investors while retaining GAAR's application to post-2017 arrangements. The Central Board of Direct Taxes (CBDT) has introduced a significant clarification regarding the applicability of the General Anti Avoidance Rules (GAAR), sparkin
New Delhi, March 31 (SocialNews.XYZ) The Central Board of Direct Taxes (CBDT) has entered into a record 219 Advance Pricing Agreements (APAs) in FY 2025-26 with Indian taxpayers, taking the total number past the 1,000 mark to an aggregate of 1,034 APAs since the inception of the programme, according to an official statement issued on Tuesday. The figure comprises 750 unilateral APAs (UAPAs) and 284 bilateral APAs (BAPAs). The BAPAs were signed pursuant to entering into mutual agreements with 13 of India's treaty partners, namely the US, Finland, the UK, Singapore, Japan, South Korea, Austral ...Read More >
NEW DELHI, April 1 (Reuters) - India said it would not apply its strict tax evasion rules on foreign investments made before April 2017, easing concerns among global investors on Wednesday after a court order in a Tiger Global case raised fears of retrospective scrutiny. A landmark Supreme Court ruling in December said Tiger Global must pay taxes on its $1.6 billion sale of a stake in an Indian company in 2018. The judges said Tiger Global used its Mauritius units that were only "conduits", and no benefit under an international treaty for pre-2017 investments would apply. Tiger Global denie ...Read More >