The Indian legal services industry is witnessing a paradigm shift as the government has recently lifted its restrictions on foreign law firms from operating in India. While this change is currently limited to permitting advice on foreign law aspects, it opens the floodgates for various legal and tax issues with regards to the presence of foreign law firms in India (particularly in light of the general position adopted by the Indian revenue authorities assessing the income of such foreign law firms to tax in India).
In this context, while the transience begs us to ponder upon several legal questions, a ...
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