All posts by nangia

Why you need to look beyond Form 16 when filing tax returns – Neha Malhotra

Budget 2019 presented by Finance Minister Nirmala Sitharaman proposed a Model Tenancy Law to replace the current rental laws, which she termed “archaic” during her speech. In less than a week, the Ministry of Housing and Urban Affairs has released the Model Tenancy Act, 2019. Neha Malhotra, Executive Director shares her views on Why you need to look beyond Form 16 when filing tax returns for Livemint. Why you need to look beyond Form 16 when filing tax returns

Model Tenancy Act takes checks most boxes – Sandeep Jhunjhunwala

Budget 2019 presented by Finance Minister Nirmala Sitharaman proposed a Model Tenancy Law to replace the current rental laws, which she termed “archaic” during her speech. In less than a week, the Ministry of Housing and Urban Affairs has released the Model Tenancy Act, 2019. Sandeep Jhunjhunwala, Director decodes the Model Draft Model Tenancy Act and its impact in an standalone article for Business Standard. Model Tenancy Act takes checks most boxes

Tax & Regulatory Newsletter – August, 2019 Edition

Greetings! We are pleased to attach herewith the Tax & Regulatory Newsletter – August, 2019 Edition highlighting major recent tax and regulatory developments. Inside this issue… DIRECT TAX                                                                                                                                                      
  • Amounts paid to France entity towards reimbursement of salary cost and consideration for technical and managerial services, not Royalty or FTS
  • Income earned through rendition of cloud hosting services not taxable as ‘royalty’ in India
  • ITAT: Equity Oriented MF units, not ‘shares’; STCG not taxable under India-UAE Treaty
TRANSFER PRICING
  • High court upholds the ITAT decision asserting share application money cannot be treated as loan despite delay in allotment of shares
  • Assessment Order issued on a non-existent entity (Pursuant to amalgamation) is void ab initio and such defect is not curable
REGULATORY
  • Changes in Company Law
  • Changes in FEMA
GST
  • Key Highlights of 36th GST Council Meeting
  • Applicability of Kerala Flood Cess w.e.f. 1 August 2019
COMPLIANCE CALENDAR
  • Direct Tax
  • GST
  We trust that you will find it interesting and informative. Tax & Regulatory Newsletter, August 2019