All posts by nangia

Articles In Newspapers & Journals

Corporate India may have to go on a re-structuring drive- Sumit Naib

A restructuring drive may be in the offing for Corporate India, following the government’s recent decision to bring down the number of subsidiaries in a company to two layers. The move by the government is seen as part of its effort to crack down shell companies across the country. Sumit Naib, Associate Director shares his views on aforementioned story for Business Standard. Corporate India - Nangia & Co LLP
Articles In Newspapers & Journals

Taxsutra special series Tax Ring : Transitioning from FAR to FARM analysis- Rakesh Nangia

India & many developing countries have traditionally been strong advocates of source based taxation. In the context of transfer pricing, the spirit of OECD’s guidelines in terms of “Functions Assets and Risk” (FAR) Analysis has been practiced and reliance thereon is also upheld by the Indian Courts in many rulings. Rakesh Nangia, Managing Partner with inputs from Nitin Narang, Executive Director shares his views on market jurisdictions which create ‘value’ should be remunerated in addition to the outcome of FAR analysis for Taxsutra special series Tax Ring : Transitioning from FAR to FARM analysis Tax Sutra Special Series tax
Articles In Newspapers & Journals

Debarred firm directors may approach courts- Sumit Naib

The government’s move to debar directors of companies that have not filled annual returns for three successive years is likely to be challenged in courts citing retrospective application of the Companies Act, 2013.
  1. Sumit Naib, Associate Director shares his views on aforementioned story for Business Standard.
  1. Neha Malhotra, Executive Director shares her views on CBDT proposal on advance estimates of tax liability irks industry for Business Standard.
Debarred Firm Directors - Nangia & CO CBDT Proposal & Nangia Co
Articles In Newspapers & Journals

Re-defining Superiority of DTAA – Opening doors for new TP litigation – Rakesh Nangia & Amit Agarwal

The Finance Act 2017 has ushered a slew of amendments aimed at rationalizing certain provisions, reducing litigation and ushering more transparency for expanding the tax base. One such notable amendment is the insertion of ‘Explanation 4’ to both Section 90, and section 90A of the Income Tax Act, 1961 (“the Act”) that brings in more clarity with regard to the interpretation of ‘terms’ used in Double Taxation Avoidance Agreement (“DTAA” or “the Treaty” or “the Agreement”) domestic tax law. Rakesh Nangia, Managing Partner and Amit Agarwal, Partner with inputs from Aanchal Kapoor, Associate Director contributed an article on  Re-defining Superiority of DTAA – Opening doors for new TP litigation for Taxsutra. Rakesh Nangia tax Sutra