Tag Archives: Rakesh Nangia

Articles In Newspapers & Journals

Private equity, venture capital funds get relief from Vodafone-type tax – Rakesh Nangia

In a boost to the Alternate Investment Funds (AIF) industry, tax authorities have clarified that non-resident investors investing through multi-layered structures would not be covered under the ambit of “indirect transfer” provisions of the income tax law.  The latest Central Board of Direct Taxes (CBDT) move will allay the concerns of investment funds, including private equity and venture capital funds, which feared multiple taxation of the same income at the time of subsequent redemption or buyback by non-residents in their offshore entities.

  1. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Hindu Business Line.
  2. Suraj Nangia, Partner  shares his views on the queries raised by Financial Express readers.
Vodafone-type tax - Rakesh Nangia Your queries section by Suraj Nangia  
Articles In Newspapers & Journals

Impact of open market value rules under GST- Rakesh Nangia & Nitin Narang

Introduction of Goods and Services Tax(GST), the biggest tax reform in the recent times, marks a tectonic shift that would propel India’s growth in line with Government of India’s vision. With this background, the Government/ GST council is fine tuning the GST rules in lines with the feedback received from various stakeholders. One of the rules in GST pertain to open market value, which has potential interplay with the existing income tax transfer pricing (TP) provisions, and/or SVB (Special Valuation Branch) proceedings in the erstwhile indirect tax regime. Rakesh Nangia, Managing Partner and Nitin Narang, Executive Director- Transfer Pricing with inputs from Tarini Nijhara, Associate Director contributed an article on Impact of open market value rules under GST for ET CFO. Impact market rules under GST- Rakesh Nangia

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