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Articles In Newspapers & Journals

Tax Department Amends Rules On Addresses- Shailesh Kumar

The CBDT has recently issued a notification to track taxpayers, which are not traceable/ reachable on address available with jurisdictional Assessing Officer/ PAN database of Income Tax department.  By this notification, CBDT has amended the relevant income tax rules and now the Tax Authorities can send notices to such taxpayers at any address, which is mentioned/ available elsewhere, such as Banks, Post Offices, Insurance Companies, other wings of the Income tax department, any other government authority or local authority. Shailesh Kumar, Director- Direct Taxation shares his views on aforementioned story for Business Standard. Tax Department Amends
Articles In Newspapers & Journals

Are you investing in Bitcoins? Get ready for multiple tax implications – Chirag Nangia/ Shailesh Kumar

Bitcoins or cryptocurrencies are new buzzwords both for investors and tax authorities. While investors are fascinated by an exponential increase in its valuation over the past few years and find it as an alternative investment vehicle for multiplying their investments, profits from investments made in Bitcoins have attracted the attention of tax authorities in India.   Chirag Nangia and Shailesh Kumar, Director contributed an article on Are you investing in Bitcoins? Get ready for multiple tax implications for Financial Express. Bitcoins
Articles In Newspapers & Journals

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
Articles In Newspapers & Journals

Government using technology to identify tax evaders – Neha Malhotra

neTax evasion is not a modern concept since it traces its origins back to when the concept of taxation emerged in Kautilya’s book ‘Arthashastra’ which refers to different types of taxes and punishments as a countermeasure for evading them. Low tax compliance is a matter of concern in many developing countries, limiting the capacity of their governments to raise revenues for developmental purposes. Neha Malhotra, Executive Director with inputs from Vasudha Arora, Nangia & Co LLP contributed an article on Government using technology to identify tax evaders for Financial Express. news_neha