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.

The Central Board of Direct Taxes (CBDT) has sent a missive to all assessing officers (AOs) to stick to protocol while pursuing cases of “limited scrutiny” and not resort to “fishing and roving inquiries” in such cases. The move comes at a time when the tax department’s field formations have apparently been on an overdrive after the demonetisation move brought large chunks of supposedly tax-evaded cash into the banking system. Rakesh Nangia, Managing Partner shares his views on CBDT shoots off letter to taxmen, says don’t go overboard on fishing and roving inquiries in wake of demonetisation drive for Financial Express. http://www.financialexpress.com/economy/cbdt-shoots-off-letter-to-taxmen-says-dont-go-overboard-on-fishing-and-roving-inquiries-in-wake-of-demonetisation-drive/957134/

Today’s hottest sector are robotics, automation and artificial intelligence. Mind you, it’s much more than just a buzzword. Our day-to-day life is undergoing an overhauling. In healthcare, which is a basic necessity, robot-assisted surgeries take place every day in operating rooms across the country. Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director contributed an article on Automation, natural way to progress for Hindu Business Line.  

Nangia & Co LLP with Praxity alliance will help its clients realize their global potential well beyond India’s borders. Through this alliance, an international network of like-minded, independent accounting firms, Nangia’s would be able to bring the world of business to its clients.

Commenting on this development Rakesh Nangia, Managing Partner, Nangia & Co LLP said “Nangia & Co LLP, an organically grown Chartered Accountancy Firm, with presence for over three decades has grown exponentially in the last decade. Praxity ensures that each of its member firms are highly rated by its peer, committed to ‘best in class’ service cultures and they found us fitting to be a Praxity member firm. Participation in this alliance will provide our clients with seamless international experience, local market insights, strategic partnerships and regulatory guidance, wherever they do their business.”

This news has been carrired by top leading publications:

1. Financial Express
2. PTI

(News flashed by PTI has been carried by Business Standard, Deccan chronicle, Asian age, Outlook Inida, India today and 15 other news portal)