Indian Budget 2020
03 February 2020
The Indian Budget focuses on three themes: Aspirational India, Economic Development and Caring Society. As well as a number of key tax proposals centre on simplifying tax administration, rationalising personal tax rates and making it easier to do business in India. The Indian Finance Minister proposed a ‘Taxpayer’s Charter’ with guidelines for effective tax administration which should be music to any international investor’s ears.
We examine some of the key direct tax proposals, relevant from an international investor’s perspective and explain how the changes impact global businesses and international investors.