Tag Archives: Rakesh Nangia

Articles In Newspapers & Journals

Long term Capital Gains – decoding the new levy- Rakesh Nangia/Neha Malhotra

Dear All   Taking the plea that Long Term Capital Gain exemption is diverting the investment from manufacturing sector to financial assets, Budget 2018 proposed to withdraw the tax exemption available on long term capital gain arising on sale of equity shares or equity oriented funds or unit of a business trust. Further, it was estimated that the long term capital gains going untaxed amounted to INR 3,67,000 Crore, which signifies a significant revenue loss for the exchequer. Hence the budget proposal seeks to minimise the economic distortion and curb tax erosion, by withdrawing this exemption.   Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director contributed an article on Long term Capital Gains – decoding the new levy for Financial Express.  
Articles In Newspapers & Journals

A few things to keep in mind for corporates – Rakesh Nangia and Rahul Jain

Dear All Budget 2018 was presented in the midst of widespread speculation that being the last full Budget before elections in 2019, it could end up being populist, hurting the economy and largely at the expense of the taxpayers. Thankfully, the government refrained from doling out freebies and reiterated its intent to stick to the fiscal path.
  1. Rakesh Nangia, Managing Partner and Rahul Jain, Partner contributed an article on Budget 2018: A few things to keep in mind for corporates for Business Today.
 
Articles In Newspapers & Journals

Moving in sync with anti-BEPS steps – Rakesh Nangia and Shailesh Kumar

Dear All Keeping in line with global trends and India’s commitment to implement the recommendations/ measures from APs 1 to 15, the Government of India took gradual steps towards introducing amendments to the Income-tax Act, 1961 (the Act) starting from Budget 2016. Budget 2018 has been a further step in this direction. Specific proposals tabled before the legislators in this budget for enactment and its corresponding impact on Indian taxpayers . 1. Rakesh Nangia, Managing Partner and Shailesh Kumar, Director- Direct Taxation contributed an article on Budget 2018 fixes anomaly in law for Financial Express.