India is fast becoming a prime destination for Multinational Enterprises (MNEs) to set up their Global Capability Centres (GCCs), thanks to its rich human capital, scalability, and cost efficiency. Increasingly, business functions such as finance, human resource functions, information technology (including complex and nascent fields of data research), artificial intelligence, machine learning, software product development service, etc. are being outsourced to India’s GCCs. With this growth, it is crucial to examine tax considerations and potential strategies for GCCs in India. This article delves into the critical Indian income-tax considerations pertinent to India’s GCCs.
The government’s Economic Survey underpins the growing …
