Tag Archives: Rakesh Nangia

Budget 2018-19: Govt should withdraw dividend distribution tax – Rakesh Nangia

Set to be presented on February 1, the Union Budget 2018 will surely be a challenging one for the government. With bold steps like demonetisation and introduction of GST, it is time again for the government to prove its potential in its final budget before the 2019 general polls. Rakesh Nangia, Managing Partner  contributed an article on Union Budget 2018-19: Govt should withdraw dividend distribution tax for Business today .

Rakesh Nangia, Managing Partner in a special pre- budget discussion conducted by Moneycontrol.com(Network 18)

The countdown to the Union Budget has already begun and on top of the wishlist remains expectations of people . Will the middle-class have reasons to smile after Finance Minister Jaitley finishes his speech in the afternoon on February 1? Rakesh Nangia, Managing Partner in a special pre- budget discussion conducted by Moneycontrol.com(Network 18) discussing things that Finance Minister Arun Jaitley can include in Budget 2018 .
conducted by Moneycontrol

Indians holding undeclared assets in Singapore during 2008-2017 may face penalty, prosecution- Rakesh Nangia

Those who hold undeclared assets or bank accounts in Singapore, or even did so in the past few years, could be headed for trouble with the two countries exchanging financial data under the revised double taxation avoidance agreement (DTAA) that came into force last year. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Economic Times- Front page story.

Rakesh Nangia shares his expectations from Budget 2018

Will Finance Minister, Arun Jaitley, provide relief to individual tax-payers in the coming Union Budget? With the Budget to be the last full one of present government of Prime Minister Narendra Modi, there are hopes that it might include major reliefs for taxpayers with an eye on the general elections in 2019. Rakesh Nangia, Managing Partner in an interaction with moneycontrol.com sharing his expectations From Budget 2018 . Mr. Nangia feels that among other things, there are expectations that the government might slightly alter the tax-slabs and increase the investment cap for tax relief under Section 80C of the Income Tax Act. Mr. Nangia listed out the following expectations from the Budget:
  • Rejig in income tax slabs
  • Increase in limit for investment in tax-saving schemes
  • Increase in monetary limit for medical reimbursements, transport allowances