• India Likely to Amend Labour Laws
  The Planning Commission of India has recommended an overhaul of the existing labour laws in order to give a boost to the sagging manufacturing sector, says Nair & Co. which provides global HR services for companies setting up foreign operations.
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• India likely to Permit Foreign Universities to function as “Non-profit companies”
  Foreign universities will be soon allowed to establish campuses in India. A proposal before the Department of Industrial Policy (DIP) and Promotion and the Department of Economic Affairs (PDEA) awaits approval.
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• India Mobility Week 2014
  Mobility is one of the most talked about emerging technology trends today for its potential to be a “One of a Kind” technology.UNICOM – India’s leading Conference Organizing Company coming up with “India Mobility Week 2014″ in New Delhi. Our very own technology leaders Lokesh Chandra Pathak (AVP) & Piyush Jha (Director) – from GlobalLogic will their experience and expertise at the event on September 18, 2014.
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• India Notifies Final International Safe Harbour Rules on Transfer Pricing
  On September 18, 2013 Central Board of Direct Taxes (CBDT) of Government of India published the final Safe Harbor Rules (SHRs), says Nair & Co.'s Global Transfer Pricing services team.
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• India notifies General Anti Avoidance (GAAR) Rules
  In order to reduce tax avoidance, the Indian government has issued General Anti Avoidance Rules (GAAR) which will be effective from April 1, 2016, says Nair & Co.’s International Tax Services Team.
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• India Passes Finance Bill for 2013-14: Updates from International Tax Consulting Team
  The Indian parliament cleared the Finance Bill on April 30, 2013. It has issued a clarification regarding Tax Residency Certificates (TRC) issued by a foreign government.
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• India Provides Details on Mandatory Tax Reporting Requirements for Liaison Offices
  India’s Central Board of Direct Taxes (CBDT) in a recent notification has provided detailed information that foreign companies with representative or liaison offices must provide to tax authorities in accordance to a 2011 tax law amendment.
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• India Publishes Tax Amnesty Application Procedure for Service Tax Defaulters
  Further to the announcement of the Service Tax Voluntary Compliance Encouragement Scheme, 2013 (referred to as ‘Service Tax Amnesty Scheme’), the Indian Government has recently published a detailed application process for making an application under the scheme.
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• India Releases Final Version of MCA XBRL Validation Tool
  Indian Ministry of Corporate Affairs has released the final version of MCA XBRL Validation Tool. Effective since October 14th, 2012, XBRL filings of financial statements have been enabled on Ministry of Corporate Affairs website for accounting years beginning on or after April 1st, 2011.
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• India Reviews Privacy Protection Regulations
  Indian authorities including Center for Internet and Society (CIS), the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Data Security Council of India (DSCI) recently hosted a privacy roundtable event to discuss the Privacy Protection Bill.
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• India Revises Tolerance Band for Transfer Pricing: Updates from International Tax Consulting Team
  The Indian government in a recently issued notification has modified the “tolerance band” for the Assessment Year 2013-14 which will ascertain arm’s length pricing for international payments between related parties.
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• India Tautens Hiring Rules for Foreign Employees
  After Bengaluru, Hyderabad and Kochi, India’s Foreign Regional Registration Office (FRRO) in Chennai has been imposing labour market testing requirements in a discretionary manner.
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• India Tax Update: Taxpayers Paying Service Tax beyond Rs. 25 Lakh must File Monthly Returns
  Taxpayers paying service tax of more than INR 25 lakh will now be required to file returns on a monthly basis, instead of twice in a year. The new regulation will not only facilitate better audit but also furnish the government with monthly data on service tax collections.
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• India Transfer Pricing Update for Distributors, Tribunal Upholds Important Transfer Pricing Principles on Characterization of S
  The Taxpayer characterized Mastek UK as a distributor and for the purposes of Indian transfer pricing, benchmarked the return on sales earned by Mastek UK against returns earned by comparable distributors. Indian tax authorities contested the Taxpayer’s claim.
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• India- FIPB clears 8 FDI Proposals worth Rs 1311 crore: Update from International Tax Compliance Services Team
  The government announced its approval for eight foreign direct investment (FDI) proposals worth around Rs 1,311.54 crore based on the suggestion of the Foreign Investment Promotion Board (FIPB) in its meeting held on June 14.
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• India: Documentation for Foreign Exchange Remittance Eased
  With an aim to liberalize documentation requirements, the Reserve Bank of India (RBI) has raised the limit for foreign exchange remittance for miscellaneous purpose without documentation process to US$25000 from US$5000.
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• India's elder care company TribecaCare expands beyond Kolkata
  With elder care emerging as a big urban crisis as young members of the families leave their cities for career and greener pastures in other cities or abroad, India's holistic elder care company TribecaCare, which began working in eastern city Kolkata first in 2013, is expanding their services to other metropolises in India
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• India's elder care company TribecaCare expands beyond Kolkata
  With elder care emerging as a big urban crisis as young members of the families leave their cities for career and greener pastures in other cities or abroad, India's holistic elder care company TribecaCare, which began working in eastern city Kolkata first in 2013, is expanding their services to other metropolises in India
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• India's first multi-city start-up accelerator launches on October 15
  The Indian digital economy is on an upswing. The Indian startup scene will take a big step forward with the launch of GSF Accelerator, India’s first 3-city (Mumbai, Delhi, Bangalore) start up accelerator this October 2012 by Rajesh Sawhney.
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• India’s First Software Defined Storage Service|Netmagic
  India’s first Storage-as-a-Service that provides metered IOPS for customers' mission-critical applications.
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