US-India forum for simpler tax rules
- Posted on January 15, 2025
- By Business News Today
- 2 Views
US-India forum for simpler tax rules
USISPF seeks simplification of India's tax structure to reduce industry compliance burden, including tax deduction at source. Recommendations for the upcoming budget include extending concessional rates for greenfield manufacturing, reducing the compliance burden, and introducing a 15% tax for maintenance firms. Proposals also aim to position GIFT City as a global financial hub with various tax exemptions.