India Desk News Alert

September 2009

PricewaterhouseCoopers (PwC) Singapore's India desk is pleased to bring you the latest changes and developments in India's tax and regulatory system relevant for doing business in India.

The Indian Finance Minister released the draft Direct Taxes Code (Code), along with a discussion paper elaborating the Government's rationale behind the new Code. The Honourable Finance Minister has invited suggestions from the public on the Code, so that it can be presented in Parliament in this year's winter session. The Code is proposed to be effective from fiscal year 2011-12.

The Code proposes to make some sweeping changes in the Indian tax laws. We attach herewith an Alert briefly covering some of the key changes proposed in the Code.

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We hope you find the updates useful. The India Desk at PwC Singapore in association with PwC India can advise you on Indian fiscal / regulatory developments which may need to be considered to achieve overall tax efficiency and structuring of your investments into India.

If you have any queries regarding these updates and/or other tax or regulatory issues, we welcome you to contact: