ARTICLE
30 June 2023
TAPESTRY ALERT: INDIA - TCS CHARGE - CHANGES DELAYED!
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SOURCE: Tapestry Compliance

India

The recent alert informed companies about the increase in Tax Collected at Source (TCS) rate to 20% for overseas remittances of participant funds in India, starting from 1 July 2023. However, following concerns from businesses and residents, the Indian Ministry of Finance made last-minute changes, including restoring the annual threshold of INR 700,000 and delaying the implementation of the 20% TCS until 1 October 2023 for individuals exceeding the threshold.

NEWS
21 February 2023
TAXABILITY OF ESOP AND SHARES OUTSIDE INDIA
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SOURCE: Manishanilgupta.com

Finance, tax and accounting
India

The article discusses the benefits of investing in foreign stocks, particularly in attractive and scalable global companies, for maximum returns over the long term. The article also explains the various methods of investing in foreign stocks, including direct investment and employee stock option plans, while highlighting the tax implications associated with such investments for Indian investors.

NEWS
4 April 2023
INDIA: SHARE-BASED EMPLOYEE BENEFITS EXPLAINED
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SOURCE: Worklaw.com

Legal and regulatory
India

Share-based employee benefits are becoming increasingly popular with many India businesses offering them to retain, reward or inspire their employees. These allow employees to participate in their company’s ownership and growth. On the other hand, helps employers to retain talent. This can be a powerful motivator for employees to work hard and contribute to the company’s success.