Tag Archives: Rakesh Nangia

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.
 

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.

INDIA BUDGET STATEMENT 2018

The Union Budget 2018 was a Budget focused on the country’s growth prospectus but, as expected earlier, was stressed on addressing agrarian crisis, including infrastructure development, diversification, and pro-poor measures.   Overall, it is a balanced Budget prepared with a pragmatic approach, keeping in mind the sentiments of the investors, expectations of the taxpayers and to match with the condition of Indian economy.   According to Rakesh Nangia, Managing Partner, Nangia & Co LLPThe last full Budget before the elections in 2019 has been a fine balancing exercise by the Finance Minister. Negotiating political necessities without affecting the Government’s finances is a tough ask and here, a number of policy announcements and initiates have been made, revenue numbers are sought to be maintained while at the same time, relief measures have been announced”   Please find attached Nangia & Co LLP- INDIA BUDGET STATEMENT 2018 summarizing the key proposals on direct and indirect taxes, along with sector wise impact of the same