The India-Hong Kong DTAA was signed on March 19 this year and came into force on November 30 after the governments of India and Hong Kong completed the relevant procedures required by their laws. Now, the Indian government on December 21 notified the DTAA, giving effect to the provisions of the tax treaty throughout the country. Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA readers.

Rules requiring foreign companies to store certain types of data in India have opened a front in the country’s quest for ways to tax its booming digital economy. The Reserve Bank of India, the central bank, gave financial companies until October to comply with a policy requiring them to store payment data domestically. A draft bill currently being finalized, meanwhile, requires businesses to store at least a copy of personal data they collect on servers in India.

Chirag Nangia, Director answers the weekly queries for DNA readers.

  Digital companies want more certainty and guidance on tax and royalty charges for India-based operations as they become increasingly embroiled in court disputes with authorities. Recent rulings from the Indian courts and tax departments have sent contradictory messages to digital companies, creating uncertainty about what they consider to be royalty payments that are taxable. Chirag Nangia, Director answers the weekly queries on personal tax for DNA readers.

Tax Talk: Chirag Nangia, Director answers the weekly queries for Financial Express and DNA. Claim tax benefit for both home rent and home loan- 04 October, 2018 , DNA Tax benefit on home loan from employer is conditional- 18 October, 2018, DNA Law silent on claiming capital gains under both Sec 54, 54EC- 25 October, 2018, DNA No tax on NRE FD interest if account holder is a resident outside India- 30 November, 2018, Financial Express Income Tax: Rental income taxed in hands of that co-owner who paid for property- 31st November, 2018, Financial Express Interest from PPF is tax exempt; but on NSC, it is taxable- 01 November, 2018, DNA Taxpayers with reverse mortgage loan get I-T benefit- 08 November, 2018, DNA weekly-taxtalk-queries-column-by-chirag-nangia