Foreign Firms Get a Tax Boost: Section 44BBD Simplifies Earnings from India
The Finance Bill, 2025 introduces Section 44BBD, a presumptive taxation scheme aimed at non-resident companies assisting with the setup or support of electronics manufacturing facilities in India. The key provisions are as follows: 1. Taxable Profits for Non-Residents 2. Presumptive Taxation Rate 3. Previous Tax Treatment 4. Objective of the New Scheme 5. Scope of…