The Resource Important fiscal initiatives and tax changes in India in the financial year 2005-06

Important fiscal initiatives and tax changes in India in the financial year 2005-06

Label
Important fiscal initiatives and tax changes in India in the financial year 2005-06
Title
Important fiscal initiatives and tax changes in India in the financial year 2005-06
Creator
Subject
Language
eng
Summary
This article briefly narrates the fiscal initiatives and tax changes in India in the financial year 2005-06 insofar as they are relevant to non-resident individuals and foreign companies. The fiscal initiatives include: the permission for foreign direct investment through the Reserve Bank of India's automatic approval route in a large number of new sectors; the recommendation of 100% foreign ownership in satellite radio broadcasting with no entry fee for companies interested in this business; conditions for recognition of stock exchanges; modification of the norms for external commercial borrowings by the Reserve Bank of India; the Government's permission of 49% foreign direct investment in asset reconstruction companies. The article further discusses tax rates, case law, the economic performance of India, and tax reforms
Citation source
In: Intertax. - Alphen aan den Rijn. - Vol. 34 (2006),
http://library.link/vocab/creatorName
Govind, H
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • foreign investment
  • tax policy
  • case law
Label
Important fiscal initiatives and tax changes in India in the financial year 2005-06
Instantiates
Publication
Label
Important fiscal initiatives and tax changes in India in the financial year 2005-06
Publication

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