Doing Business in India
With the global economic slowdown and need to maintain a balance between fiscal prudence and economic growth, India’s Finance Minister, Arun Jaitley, has the challenging task of meeting expectations from the Union Budget 2016-17. He is likely to be cautious; however, it is expected that the Budget will bring in several tax reforms to boost exports, encourage start-ups, improve the ease of doing business in India and attract FDI. In this update, we put forth some direct tax expectations from the Union Budget 2016.
Recently, the Delhi High Court in the case of National Petroleum Construction Company vs Director of Income tax (International Taxation) held that Project Office does not constitute a fixed place permanent establishment if the activities carried out by the PO, acting as a communication channel, are auxiliary and ancillary in nature...
We are delighted to announce that SKP has won Nexia International’s ‘Firm of the Year’ Award for 2015. We are proud and honoured to have our efforts recognised by Nexia – the tenth largest accounting and consulting firm network in the world according to the International Accounting Bulletin Survey 2015.