The indirect tax structure has undergone a complete transformation with the roll out of the Goods and Services Tax in July 2017. This historic change will have a dramatic effect on the structure of the Budget as well. Rakesh Nangia, Managing Partner shares indirect tax budget expectations for Hindu Business Line.  

Rakesh Nangia, Managing Partner shares his Budget expectations for Hindu Business Line.

Startups’ expectations from the Union Budget are sky-high this year. We have dealt with impact of demonetisation, the roll-out of GST and the active implementation of the “angel tax”. The difference has been added to the income of such startup Indian companies by the tax authorities which eventually is defeating the Government’s Startup India policy. In this article  our experts have discussed what the Government could do in the coming budget to remedy the situation.

1. Rakesh Nangia, Managing Partner and Rahul Jain, Partner contributed an article on Budget 2018: Tax on Startups – not within the spirit of the law for ET-CFO.

The Union Budget 2018 is just around the corner and the common man is eagerly waiting to see what the government has in store for him. Keeping in view the inflationary trends in the economy, it is vital to leave more disposable income in the hands of individuals, especially the old and the needy. The senior citizens thus desire that the exemption limit be raised considerably. Rakesh Nangia, Managing Partner contributed an article on Budget 2018: ‘Senior citizens want tax sops on FDs, rental income for Financial Express.