Tag Archives: Rakesh Nangia

Budget 2018: Real estate longing for stability, certainty and strength

Over the past few years, the government’s Budget declarations and reform stratagems have focused on affordable housing, encouraging first-time home buyers and cleansing the sector of black money. In line with the government’s aim to provide ‘housing for all’ by the year 2022, the 2017 Budget proved to be an enthralling one for the Indian real estate sector, as it was centred around these issues and directed to mend sentiments and increase sales which were majorly impacted by the demonetisation drive.   Rakesh Nangia, Managing Partner contributed an article on Budget 2018: Real estate longing for stability, certainty and strength for Financial Express.  

Stressed Companies Get A Tax Breather- Rakesh Nangia

Companies facing insolvency proceedings, their lenders and investors hoping to bid for assets of such companies have a reason to cheer. The tax department has announced that companies admitted for corporate insolvency will be exempted from Minimum Alternate Tax (MAT). 1.       Rakesh Nangia, Managing Partner shares his views on aforementioned story for Bloomberg Quint. 2.       Suraj Nangia, Partner  shares his views on the queries raised by Financial Express readers.

Tax dept’s felicitation of highest tax payers makes HNIs nervous – Rakesh Nangia

This new initiative by the revenue department has spooked several high net-worth individuals (HNIs), while some others are happy with the idea. With income-tax offices across India set to invite up to top 100 tax payers in their regions for felicitation, several of these individuals have red-flagged data-privacy. Rakesh Nangia, Managing Partner shares his views on Tax dept’s felicitation of highest tax payers makes HNIs nervous for Economic Times. tax-depts-felicitation