As India moves towards more up to date impose administrations, a huge portion of specialty firms appear to develop, taking advantage of zones where bigger players like the huge four—EY, PwC, Deloitte and KPMG – think that it is hard to operate. Tax practice in India has developed at a quick pace and Indian organizations and promoters pay anyplace about $ 1billion consistently . Rakesh Nangia, Managing Partner in a discussion with Economic Times talking about the development of the organization and what makes us distinctive as contrast with other tax consultancy firms According to Mr. Nangia, “We are seeing a huge spurt in the last 12 months and have grown by more than 20% in terms of revenue and 30% in terms of people. The main growth drivers for us have been an experience of 37 years, high intellect and solution driven advice, end-to end solutions and easy accessibility,”

Concept of Permanent establishment (‘PE’) is an important subject for any company operating or planning to operate in another country, in order to determine whether the company’s activities in a country are taxable in that country. Determining whether a company has triggered a PE is seldom clear cut, since it is highly facts driven. Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director contributed an article on formula one ruling for Taxsutra. link to the article http://www.taxsutra.com/experts/column?sid=777

The coming Under-17 FIFA World Cup in India will not only be followed by football fans round the world but also by Indian tax officials, who are expected to keep a close watch on the three-week event in October. This follows the Supreme Court judgment last week that held the Formula One World Championship (FOWC) in motor racing liable to be taxed in India for the F1 Grand Prix event.

• Rakesh Nangia, Managing Partner shares his views on aforementioned story for Business Standard.

• Rahul Jain, Partner shares his views on FATCA non-compliant accounts not blocked automatically for IANS(News Agency). (This news has been picked up 28 other news publications including Business Standard, NDTV, moneycontrol.com etc.)

• Rajat Mohan, Director shares his views on Govt extends service tax return filing date to April 30 for PTI(News Agency). (This news has been picked up 84 other news publication like Economic Times, Times of India, Business Standard, Hindustan times, Livemint, Business today etc.)