India: DVS Advisors provides taxation updates

The last quarter was quite eventful in many ways, both on the economics front and the tax front. After long deliberation, 136 countries have agreed for the global minimum corporate tax, the Indian Government withdrew the retrospective tax on indirect transfers and after a harsh second wave, the Indian economy is showing signs of recovery. MSI's Chennai accounting member provides an overview of changes in direct tax, international tax and the economy in India.