With OECD’s BEPS project making headway in the taxation world of multinational businesses, many countries are picking up the baton and implementing the recommendations in the BEPS Action Plans Rakesh Nangia, Managing Partner shares his views on BEPS Actions 8-10 – 3 ways for India to bite the bullet for Tax Sutra.  Attached is link to the article http://tp.taxsutra.com/content/beps-actions-8-10-3-ways-india-bite-bullet

Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax. Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval. Rajat Mohan, Director- Indirect Taxation shares his views on aforementioned story for PTI(News Agency). (This story has been picked up by 414 other news publication like Economic Times, Business Standard, Mid Day, Times of India, Deccan chronicle, Hindu Business Line, Bloomberg Quint etc.) Attached are links to the article: http://www.business-standard.com/article/economy-policy/gst-will-be-levied-on-renting-emi-on-under-construction-property-117032800679_1.html http://timesofindia.indiatimes.com/business/india-business/land-leasing-renting-to-attract-gst-from-july-1/articleshow/57873914.cms https://www.bloombergquint.com/gst/2017/03/28/land-leasing-renting-to-attract-gst-from-july-1?utm_source=bloomberg-menu http://www.thehindubusinessline.com/economy/land-leasing-renting-to-attract-gst-from-july-1/article9604697.ece http://economictimes.indiatimes.com/news/economy/policy/land-leasing-renting-to-attract-gst-from-july-1/articleshow/57873327.cms http://www.businesstoday.in/current/economy-politics/land-leasing-renting-to-attract-gst-from-july-1/story/248844.html

In February 1, 2017 the government unveiled the much-awaited Budget of 2017. The changes made in the said budget will be applicable from April 2017 onward and as March draws to an end, it is time to understand the new provisions applicable for the new financial year.  Neeraj Agarwala, Partner with inputs from Neetu Brahma, Manager contributed an article on New income tax provisions you need to be aware of for moneycontrol.com Attached is link to the article http://www.moneycontrol.com/news/business/personal-finance-business/new-income-tax-provisions-you-need-to-be-aware-of-2247325.html

In yet another move to tighten its grip on tax evaders, the government has introduced a new Section 139AA in the Income Tax Act, 1961 by way of amendment to Finance Bill, 2017 passed by Lok Sabha last week. Shailesh Kumar, Director- Direct Taxation contributed article on Linking PAN with Aadhaar to weed out tax evaders  for Financial Express. Attached is link to the article http://www.financialexpress.com/economy/why-pan-should-be-linked-with-aadhaar-4-top-points-to-consider/605173/