All posts by nangia

Articles In Newspapers & Journals

Mauritius keeps tax treaty with India outside purview of MLI – Rakesh Nangia

Mauritius has kept its double taxation avoidance treaty with India out of the purview of the global agreement that seeks to prevent companies from avoiding taxes.  Mauritius has notified 23 of its tax treaties for modification by OECD’s Multilateral Instrument (MLI) to implement tax treaty-related measures to prevent Base Erosion and Profit Shifting (BEPS). Rakesh Nangia, Managing Partner shares his views on an aforementioned story for following publications:
  1. Economic Times
  2. Financial Express
  3. Hindu Business Line
Rakesh Nangia - Nangia & Co LLP Tax Treaty With India Rakesh Nangia - Nangia & Co LLP BEPS Convention Rakesh Nangia - Nangia & Co LLP Mauritius Signs Global
Articles In Newspapers & Journals

Tax audit form revised, new disclosures mandated – Shalu Kedia

Restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers of prepaid instruments, the revenue department has said.
  1. Shailesh Kumar, Director shares his views on aforementioned story for PTI.
(This news has been picked up by 345 other news puclication like Economic Times, Business Standard, Financial Express, Hindu Business Line, Indian Express etc.)
  1. Shalu Kedia shares her views on Tax audit form revised, new disclosures mandated for Hindu Business Line.
Shailesh Kumar - Tax Audit Form Revised Shailesh Kumar - Payment For Credit Bills Shailesh Kumar - Govt Tweaks Cash LimitShalu Kedia - Tax Audit Form Revised  
Articles In Newspapers & Journals

Secondary adjustments – Analyzing tax, accounting and regulatory implications- Rakesh Nangia/ Amit Agarwal

The concept of secondary adjustments was introduced vide. Finance Act of 2017, by way of insertion of Section 92CE, as yet another initiative to align Indian transfer pricing norms with internationally accepted practices. Recently, CBDT notified new Rule 10CB in the Income tax Rules, 1962 in relation to secondary adjustments which prescribe the time limit for repatriation of excess money and methodology for computation of interest income. Rakesh Nangia, Managing Partner and Amit Agarwal, Partner with inputs from Anchal Kapoor, Amit Bhalla, and Aakanksha Gupta, Nangia & Co LLP  contributed an article on Secondary adjustments – Analyzing tax, accounting and regulatory implications for Taxsutra. Rakesh Nangia - Nangia & Co LLP Analyzing Tax