All posts by nangia

Articles In Newspapers & Journals

Tax department keeps circular on indirect transfer in abeyance

In a relief to FPIs who were fearing multiple taxation, the tax department kept in abeyance its recent circular on indirect transfer of shares by foreign investors. The Central Board of Direct Taxes (CBDT) on December 21, 2016, came out with a notification giving 19 illustrations with regard to how the indirect transfer regulations would kick in and the tax impact.  Amit Agarwal, Partner shares his views on aforementioned story for following publications:
  1. Business Standard
  2. DNA
  3. Deccan Chronicle
  4. Financial Chronicle
  5. BloombergQunit
  6. Moneycontrol.com
Attached are links to the article : http://www.dnaindia.com/money/report-tax-department-keeps-circular-on-indirect-transfer-in-abeyance-2293638 http://smartinvestor.business-standard.com/market/Marketnews-436626-Marketnewsdet-Tax_dept_keeps_in_abeyance_circular_on_indirect_transfer.htm#.WH9Y21V97IU http://www.bloombergquint.com/business/2017/01/17/tax-department-keeps-in-abeyance-circular-on-indirect-transfer http://www.moneycontrol.com/news/wire-news/tax-dept-keepsabeyance-circularindirect-transfer_8288201.html Amit_FC_18JAN.jpg Amit_BS_18JAN_001.png Amit_BS_18JAN_002.png
Articles In Newspapers & Journals

No tax on services rendered by business correspondents to rural banks

The Modi-led government has taken yet another step to improve the economic viability of banking operations in rural India, giving a further impetus to financial inclusion in the country. The Finance Ministry announced service tax exemption on services rendered by business correspondents or business facilitators to banking companies for its rural branch accounts.

Rajat Mohan, Director- Indirect Taxation shares his views on aforementioned story for Hindu Business Line.

Attached is link to the article : http://www.thehindubusinessline.com/money-and-banking/tax-on-banking-correspondents-service-goes/article9483239.ece

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Budget 2017

Why these five tax rules spook corporate India

Budget 2017 is likely to clarify the government’s position on Minimum Alternative Tax (MAT), General Anti Avoidance Rules (GAAR), Place of Effective Management (PoEM), Base Erosion and Profit Shifting (BEPS) and Income Computation & Disclosure Standards (ICDS). Rakesh Nangia, Managing Partner shares his views on Budget 2017: Why these five tax rules spook corporate India for Business Standard. Attached is link to the article: http://www.business-standard.com/budget/article/budget-2017-why-these-five-tax-rules-spook-corporate-india-117011500819_1.html Nangia & Co in News- Budget 2017: Why these five tax rules spook corporate India
Budget 2017

Tax sops for start-ups must be rationalised; top 5 points to ponder

Under the Start-up India scheme, the government announced several tax sops to encourage young entrepreneurs. However, for availing tax incentives, start-ups have to fulfill various terms and conditions and approval ladders. Of the 502 start-ups recognised till date, only eight have been approved for availing tax benefits. Shailesh Kumar, Director- Direct Taxation contributed article on Budget 2017: Tax sops for start-ups must be rationalised; top 5 points to ponder for Financial Express. Attached is link to the article: http://www.financialexpress.com/budget/budget-2017-tax-sops-for-start-ups-must-be-rationalised-top-5-points-to-ponder/512064/