Watch Mr. Rakesh Nangia, Managing Partner in a conversation with Taxmann discussing the key takeaways from the recent Union Budget announcement. Attached is link to the Video https://www.taxmann.com/budget-2017-18/index.aspx

With sophisticated technology now at their disposal, tax authorities are trying to be one step ahead of evaders. The income tax (I-T) department always had information at their disposal, using which they sent out notices to taxpayers. But, most of these were looked at in silos. They are now using technology like big data analytics to combine all the information and get a 360-degree income profile.  

1. Shailesh Kumar, Director shares his views on aforementioned story for Business Standard.

Attached is link to the article http://www.business-standard.com/article/pf/it-s-difficult-to-escape-the-taxman-117021300003_1.html

2. Neha Malhotra, Executive Director shares her views on Now, shed lethargy in filing tax returns, say experts for moneycontrol.com Attached is link to the article

http://www.moneycontrol.com/news/tax/now-shed-lethargyfiling-tax-returns-say-experts_8479961.html?utm_source=ref_article

Reducing discretionary powers of taxmen, the income tax department has asked its field officers to maintain digital records of summons, notices and special audit ordered by them.  In the new ‘Assessment Module’ for Income Tax Business Application (ITBA), an electronic platform for regular operations, the department has laid out functionality for issue of summons, notices and special audit.

1. Shailesh Kumar, Director contributed quotes on aforementioned story for PTI( News Agency)

(This story has been picked up by 159 other news publication like Economic Times, Business Standard, DNA,Times of India, New Indian Express, Deccan Herarld etc) Attached are links to the article http://www.business-standard.com/article/pti-stories/tax-officers-to-maintain-digital-records-of-summons-notices-117020800371_1.html http://www.newindianexpress.com/business/2017/feb/08/tax-officers-to-maintain-digital-records-of-summons-notices-1568344.html http://economictimes.indiatimes.com/news/economy/policy/tax-officers-to-maintain-digital-records-of-summons-notices/articleshow/57036498.cms http://timesofindia.indiatimes.com/business/india-business/tax-officers-to-maintain-digital-records-of-summons-notices/articleshow/57063365.cms http://www.dnaindia.com/money/report-tax-officers-to-maintain-digital-records-of-summons-notices-2315953

2. Neha Malhotra, Executive Director contributed an article on BUDGET 2017 clamps down on large cash transactions forFinancial Express

Attached is link to the article http://www.financialexpress.com/budget/union-budget-2017-caps-large-cash-transactions-heres-how-it-impacts-you/544912/ 3.       Rakesh Nangia, Managing Partner and Amit Agarwal, Partner with inputs from Amit Bhalla, Senior Manager and Ekta kohli contributed an article on Thin Capitalization: Global Best Practices Mixed with Indian Curry for TaxSutra. Attached is link to the article http://tp.taxsutra.com/experts/column?sid=335#head