India: 2012 budget holds unpleasant surprises for non-residents

N C Hegde and Vishal Palwe, Deloitte, Haskins & Sells, Mumbai Eagerly awaited by resident and non-resident taxpayers alike, India’s budget for 2012 (Finance Bill 2012) announced on March 16, 2012 contains a number of significant – and far-reaching – direct tax measures that will have negative implications for non-residents. One of the measures provides [...]