All posts by nangia

Articles In Newspapers & Journals

Budget 2017

The spectre of “tax terrorism” is haunting India Inc, again.  The proposed changes in the procedural rules involving search and seizure operations by income tax (I-T) authorities has had the effect of setting a cat among pigeons, making India Inc jittery.  According to the Finance Bill 2017, the government proposes to amend the I-T Act to give more powers to the assessing officer in cases of search and seizures. The tax officer is not required to give any reason to the taxpayer or the appellate authorities for which the search was undertaken.
  1. Rakesh Nangia, Managing Partner shares his views on Budget 2017: India Inc jittery as tax officials get more power for Business Standard.
Attached is link to the article             http://www.business-standard.com/budget/article/more-power-to-tax-man-makes-india-inc-jittery-117020200596_1.html  Amit Agarwal, Partner shares his views on Budget 2017: Taxing rich to pay poor forFinancial Chronicle           Attached is link to the article         http://www.mydigitalfc.com/news/taxing-rich-pay-poor-853  Rajat Mohan, Director- Indirect Taxation contributed an article Budget 2017 – Push or pull to digital economy for Taxmann.            Attached is link to the article https://www.taxmann.com/budget-2017-18/budget/t82/budget-2017-%E2%80%93-push-or-pull-to-digital-economy.aspx
Budget 2017

Budget 2017

The spectre of “tax terrorism” is haunting India Inc, again.  The proposed changes in the procedural rules involving search and seizure operations by income tax (I-T) authorities has had the effect of setting a cat among pigeons, making India Inc jittery.  According to the Finance Bill 2017, the government proposes to amend the I-T Act to give more powers to the assessing officer in cases of search and seizures. The tax officer is not required to give any reason to the taxpayer or the appellate authorities for which the search was undertaken.
  1. Rakesh Nangia, Managing Partner shares his views on Budget 2017: India Inc jittery as tax officials get more power for Business Standard.
Attached is link to the article             http://www.business-standard.com/budget/article/more-power-to-tax-man-makes-india-inc-jittery-117020200596_1.html  Amit Agarwal, Partner shares his views on Budget 2017: Taxing rich to pay poor forFinancial Chronicle           Attached is link to the article         http://www.mydigitalfc.com/news/taxing-rich-pay-poor-853  Rajat Mohan, Director- Indirect Taxation contributed an article Budget 2017 – Push or pull to digital economy for Taxmann.            Attached is link to the article https://www.taxmann.com/budget-2017-18/budget/t82/budget-2017-%E2%80%93-push-or-pull-to-digital-economy.aspx
Articles In Newspapers & Journals

Union Budget 2017 has made investing in second house tax inefficient

While finance minister Arun Jaitley duly recognised the contribution of the salaried class to tax revenues in his Budget speech, he did not do much to meet their expectations. Instead, he has closed the only door of tax planning available to them. The salaried class pays taxes on gross salary without any allowance in the form of standard deduction for expenses connected with salary income Neha Malhotra, Executive Director contributed an article on Union Budget 2017 has made investing in second house tax inefficient for Financial Express. Attached is link to the article http://www.financialexpress.com/budget/budget-and-you-2017/union-budget-2017-has-made-investing-in-second-house-tax-inefficient-check-out-the-home-truths/535658/
Budget 2017

Union Budget 2017 has made investing in second house tax inefficient

While finance minister Arun Jaitley duly recognised the contribution of the salaried class to tax revenues in his Budget speech, he did not do much to meet their expectations. Instead, he has closed the only door of tax planning available to them. The salaried class pays taxes on gross salary without any allowance in the form of standard deduction for expenses connected with salary income Neha Malhotra, Executive Director contributed an article on Union Budget 2017 has made investing in second house tax inefficient for Financial Express. Attached is link to the article http://www.financialexpress.com/budget/budget-and-you-2017/union-budget-2017-has-made-investing-in-second-house-tax-inefficient-check-out-the-home-truths/535658/