India Briefing: The New 2014 Indian Budget in Foreign Investment and USD Terms

India Briefing: The New 2014 Indian Budget in Foreign Investment and USD Terms

Posted on

Op-Ed Commentary: Chris Devonshire-Ellis

The new Indian Budget for the fiscal year 2014-15 was presented by Finance Minister Arun Jaitley yesterday. While many commentators thus far have concentrated on the lack of any significant changes in the existing tax regime, there are a number of interesting pointers as to trends that foreign investors would be wise to track as these are now set to become a longer term Government driven policy. These manifest themselves in numerous incentives as concerns national infrastructure development and the upgrading of numerous items from cattle stock to radio coverage, highway development and IT. India uses a financial system that measures in lakh (100,000) and crore (ten million); for the ease of our readers these figures have been translated into US Dollar amounts.

Dezan Shira & Associates is Asia’s largest independent business advisory and tax services consultancy, specializing in advising international businesses on their corporate structuring and on-going compliance for their Asian investments.  Access Article.

Source: Dezan Shira & Associates – Used with permission. All materials and contents © 2014 Asia Briefing Ltd.

This magazine was originally published by Asia Briefing.

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

More Insights from Keiter CPAs

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200