Businesses in India are looking to Sunday’s federal budget plan to clarify and simplify tax rules they say complicate the growth of the globally interwoven technology sector.
The degree of presence a foreign company has in India, and the nature of its relationship to Indian operations, are key areas of contention. Disputes with tax officials over these questions are expensive and can last for years—especially, business interests say, when laws and regulations are unclear.
“A tax framework that further improves clarity, predictability and timely dispute resolution could help sustain investment and help strengthen India’s strong position in the global technology ...
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