Tag Archives: Rakesh Nangia

Tax cuts to come with many riders – Rakesh Nangia

As a major step to revive India Inc, Finance Minister on Friday has announced a Corporate Tax rate cut along with several other fiscal benefits. Our founder and Managing Partner Rakesh Nangia shares his views on Taxation Laws (Amendment) Ordinance 2019 with following publications:
  • Economic Times- Standalone story
  • Hindu Business Line- Companies to see improved earnings with lower tax outgo
  • Hindu Business Line- Tax cuts to come with many riders-Standalone story
  • Taxsutra
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Govt notifies faceless e-assessments in tax- Rakesh Nangia

The income tax department’s scheme for assessing tax returns electronically without any personal contact between officials and tax payers has become effective, with the government notifying the e-assessment scheme, 2019, on Friday. Rakesh Nangia, Managing Partner and Sandeep Jhunjhunwala, Director, Nangia Advisors(Andersen Global) share their views for following publications: Business Standard Livemint Financial Express Times of India Indian Express BloombergQuint Timesnow.com CNBCTV18.com IANS(News Agency) govt-notifies-faceless-e-assessments-in-tax-rakesh-nangia

DTC panel suggests radical changes in income tax – Rakesh Nangia

A government panel tasked with overhauling the nearly six-decade-old Income-Tax Act on Monday recommended significant relief for taxpayers, including an across-the-board 25% tax rate for both local and foreign companies and changes in personal tax slabs to benefit middle and upper middle class Indians. Rakesh Nangia, Managing Partner with inputs from Sandeep Jhunjhunwala, Director shares his views on aforementioned story for Livemint- Front page/ First story. DTC panel suggests radical changes in income tax

Angel Tax: Summary relief for recognised start-ups – Rakesh Nangia

In what would bring clarity to the start-ups that have been served with notices by the income-tax department under the so-called angel tax provision, the Central Board of Direct Taxes on Thursday said the department would ‘summarily accept’ contention of start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT), if the notices pertained only to the angel tax section. Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications: Economic Times Business Standard- Front page story Hindu Business Line Livemint Financial Express PTI IANS angel-tax-summary-relief-for-recognised-start-ups-rakesh-nangia