Tax Accounting Services Industry Analysis
US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3
India tightens foreign asset reporting for NRI investors, forcing 401(k) holders to file complex tax forms, signaling stricter compliance enforcement
Impact: 6/10
Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explained
Form 121 replaces TDS filing forms, reducing compliance burden for 40M+ Indians with savings accounts and interest income
Impact: 6/10
Door's open, yet foreign law companies stay on the fence
Foreign law firms avoid India despite liberalisation, signalling structural barriers in legal services market deterring FDI
Impact: 5/10