Category: India

Subsequent modifications to Indian tax residency rules

In view of the outbreak of COVID-19 pandemic, the Finance Minister of India presented several statutory and regulatory relief measures last week.  One of the...

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Sail your business through COVID-19 with the right attitude

COVID-19 pandemic is expected to be infect close to 30% of the Americans with 0.5% mortality rate, if immediate testing and medical facilities are not...

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Opportunities amidst the chaos: protecting your family and your business

People becoming ill, a falling stock market, borders being closed, businesses being shut or operating on a lower capacity, business valuations declining, lower liquidity…. This...

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Indian entities and U.S. taxation: Controlled foreign corporations and its ownership by a U.S. shareholder

Our whitepaper, The Interaction of Indian and U.S. Tax Laws addresses how the foreign corporations are treated as controlled foreign corporations (CFCs), and their passive...

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Indian entities and U.S. taxation: Controlled foreign corporations – defining key terms

In 1960s the concept of controlled foreign corporation (CFC) was introduced in the U.S. tax code to tax the U.S. taxpayer’s share of certain income...

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Indian entities and U.S. taxation: U.S. shareholders of Indian corporations

In our blog series on the U.S. taxation of Indian entities, we have discussed how Indian corporations are generally taxed in the U.S. A quick...

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Indian entities and U.S. taxation: Income not effectively connected to the U.S.

U.S. federal tax law categorizes income earned by foreign corporations in the U.S.: – effectively connected income (ECI) with U.S. trade or business; and –...

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Key considerations for U.S. investors on abolition of dividend distribution tax in India

The memorandum to Indian Union Budget 2020-21 (Budget 2020) states that the present-day dividend distribution tax (DDT) was introduced to ease collection of tax at...

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Modification of Indian tax residency rules

The global movement of Indians from India to other countries has finally caught the eye of the Indian administration. India seems to be following the...

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Indian entities and U.S. taxation: U.S. partnerships

The flow through framework for partnerships in the U.S. means that the taxes are applied to partners rather than a partnership entity. It is in...

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