• India Extends Deadline for Filing Income Tax Returns to August 31, 2012
  India’s tax authorities have expanded the scope of situations where companies doing business in India need to pay service tax under the reverse charge mechanism. In a recent notification, India’s tax authorities noted that service tax is payable in India under the reverse charge mechanism. Please visit Nair and co website to know more information.
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• India Investment and Business Guide
  Nair & Co.’s India Investment Guide provides a comprehensive summary of the direct & indirect taxes, key economic indicators, legal & accounting requirements that are critical for businesses operating or expanding in India.
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• India issues a Tax Notice to Microsoft for Transfer Pricing Payment: Update from International Tax Compliance Services Team
  The Indian income tax (IT) department served a demand notice to Microsoft on valuation of transactions with the parent Microsoft Corporation based in the US. The IT officials have raised concern over profits appropriated to the research and development centres in India by the US based parent Microsoft Corporation.
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• India Issues Consolidated FDI Policy to Attract Foreign Investment: Update from International Expansion Services Team
  The Indian government has released consolidated Foreign Direct Investment (FDI) policy guidelines which are expected to simplify India’s FDI rules for foreign investors and stimulate economic growth, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• India Issues Draft Safe Harbour Rules on Transfer Pricing
  On 14th August, the Indian Government has issued draft provisions on safe harbour regulations, inviting comments from the public. The same will be accepted until August 26, 2013.
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• India Labor Market Testing likely to become common practice
  India’s Foreign Regional Registration Office (FRRO) in Hyderabad has been performing audits to check if companies have searched for local labour prior to hiring a foreign national.
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• 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 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 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 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’s Smartphone Cover Mania Rises High
  Over the past few years India has witnessed a rage in Smartphone covers. With new mobile companies launching their products at an attractive price range, users want designer and affordable Smartphone covers to team up with their mobile devices.
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• Indian Government Enacts New Company Law
  On August 29, 2013, the government of India has enacted a new company law which is likely to take effect in early 2014. The historic company law replaces the old Companies Act, 1956, that governed companies in India for nearly 60 years, says Nair & Co.’s International Expansion Team.
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• Indian Sweets- Khaane ke Baad Kuch Meetha Ho Jaye
  The regular mithai lover can buy all sweets without having to hop from one city to another. Choose form sweet shopping sites in India and buy online sweets from the comfort of your own home and enjoy.
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• Indian Tax Authorities Update Reverse Charge Mechanism, Widen Service Tax Net
  India’s tax authorities have expanded the scope of situations where companies doing business in India need to pay service tax under the reverse charge mechanism.
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• Indiaplaza.com launches largest e-commerce affiliate program in India
  Indiaplaza.com, the pioneers of online shopping in India since 1999, has announced the launch of Indiaplaza Affiliate Program. The program, gives all its users a chance to earn money by referring their friends, is one of the largest e-commerce affiliate programs in India.
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• Indonesia Introduces 1% Tax on Gross Revenue for Small & Medium Enterprises
  Nair & Co. which provides international tax consulting for companies expanding overseas finds out that the Indonesian government regulation No 46 Year 2013, excluding permanent establishments, was issued on June 12, 2013.
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• Informal Complaints in Australia – A Work Place Right
  Do you face physical and mental health problems at work or you are depressed, bored, frustrated or just plain weary! In Australia informal complaints can be made to the employer and this is considered a “workplace right” of any employee.
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• Infrastructure management services
  In this modern day technological era, no computing device’s future can be guaranteed. With cloud computing providing unmatched convenience and mobility to end users, the same can be said about the future of desktops and personal computers. Cloud computing indicates that people have the access to the software and digital files whilst on the go, with a greater access to them than the elementary input and output equipments and the internet connection.
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• Infrastructure Outsourcing And Your Business
  The growth engine of any organization depends on relentless focus on customers and business innovation. IT plays an important part here in ensuring smooth functioning of this business growth engine.
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