With the objective of integrating the extant reporting structures of various types of foreign investment in India, the Reserve Bank will introduce a Single Master Form (SMF). The SMF would provide an online facility for reporting total foreign investment in an Indian entity, and also investment by persons resident outside…

The OECD as well as the UN Model conventions [Article 5(1)] defines a permanent establishment (PE) as a fixed place of business through which the business of an enterprise is wholly or partly carried on. Accordingly, for a foreign enterprise to be regarded as having fixed place PE in a…

In an unexpected prime time address on Tuesday 8th of November, 2016, Prime Minister Narendra Modi announced that in a few hours, millions of high-denomination currency notes would no longer be legal tender. It was the only way, he insisted, to deal with “the disease” of unaccounted-for income — or “black money,”…