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Articles In Newspapers & Journals

Relief for PE, pension funds from multiple taxation – Rakesh Nangia

Central Board of Direct Taxes (CBDT) on Wednesday gave relief to all non-resident investors that indirectly invest in India through offshore subsidiaries from the far-reaching provisions of the law meant to tax offshore deals, subject to certain riders. The benefit is available to all private equity funds and venture capital funds. Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:
  • Economic Times- Standalone story
  • Financial Express
  • Livemint
pension funds from multiple taxation - Rakesh Nangia pension funds from multiple taxation - Rakesh Nangia
Articles In Newspapers & Journals

Final Rules on Master File and CbCR in India – Signaling significant increase in Indian compliance obligations- Rakesh Nangia & Amit Agarwal

Recently, post public consultation on the draft rules, CBDT notified the much-awaited final rules in respect of Country-by-Country reporting (CbCR) and furnishing of Master File (MF) pursuant to adoption of OECD’s BEPS Action Plan-13 in India. CBDT has inserted Rules 10DA and 10DB and Forms 3CEAA to 3CEAE in the Income-tax Rules, 1962 (‘the Rules’), laying down the guidelines for maintaining and furnishing of TP documentation in the MF and CbCR. Rakesh Nangia, Managing Partner and Amit Agarwal, Partner- Transfer Pricing with inputs from Anchal Kapoor, Associate Director and Kanika ChhabraContributed an article on Final Rules on Master File and CbCR in India – Signaling significant increase in Indian compliance obligations for Taxsutra Final Rules On Master File in India - tax Sutra  
Articles In Newspapers & Journals

TaxTalk- Small service providers need to get benefit of presumptive scheme: Shailesh Kumar

Last year, in order to make income tax compliance easier for professionals such as doctors, lawyers and CAs, the government had introduced presumptive tax scheme under Section 44ADA of the Income Tax Act. It is applicable for professionals who have gross professional receipts up to Rs 50 lakh in a financial year. Shailesh Kumar, Director– Direct Taxation contributed an article on Small service providers need to get benefit of presumptive scheme for Financial Express. Small service providers need to get benefit of presumptive scheme: Shailesh Kumar  
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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