All posts by nangia

Articles In Newspapers & Journals

Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest – Neha Malhotra

As per a CBDT notification, form 15H has been amended, now senior citizens with taxable income up to Rs. 5 lakh can claim TDS exemption in lieu of interest on their deposits with bank and post offices. It is to be noted for TDS exemption claim, earlier the limit was set at Rs. 2.5 lakh. Neha Malhotra, Executive Director shares her views on aforementioned story for PTI. (This news has been picked by 210 other news publications including Economic Times, Business Standard, Livemint, Indian Express, Financial Express, Business Today, Bloomberg Quint etc.) senior-citizens-with-taxable-income-up-to-rs-5-lakh-can-seek-tds-exemption-on-bank-interest
Articles In Newspapers & Journals

Closer scrutiny of trusts and institutions on cards, draft rules out – Prateek Agarwal

The Central Board of Direct Taxes (CBDT) has proposed amendments to the tax audit report for charitable trusts and institutions, which would require additional details from assessees in the form of status of registration under the Income Tax Act, compliance to conditions for application and registration status under the Foreign Contribution Regulation Act (FCRA), 2010, among others. Prateek Agarwal, Partner- Audit & Assurance, Nangia & Co LLP shares his views on aforementioned story for following publications:
  1. Economic Times- Standalone story
  2. Financial Express- Standalone story
  3. Indian Express
  4. PTI
  5. IANS
closer-scrutiny-of-trusts-and-institutions-on-cards-draft-rules-out-prateek-agarwal
Articles In Newspapers & Journals

CBDT’s three pronged approach to profit attribution – Clarity or Confusion – Rakesh Nangia

Recently, CBDT issued a public consultation report on attribution of profits to Permanent Establishments (“PEs”) which inter-alia discusses various approaches for attribution of profits to PE. Rakesh Nangia, Managing Partner and Amit Agarwal, Partner with inputs from Anchal Kapoor, Director contributed an piece on CBDT’s three pronged approach to profit attribution – Clarity or Confusion for Corporate Professionals today magazine- Taxmann. CBDT’s three pronged approach to profit attribution Mr Nangia_CPT magazine_21 may, 2019
Articles In Newspapers & Journals

CBDT allows AMCs to directly manage offshore funds out of India – Sandeep Jhunjhunwala

Asset management companies (AMCs) can now graduate from being mere ‘advisors’ to offshore funds to becoming a direct, “full-fledged manager” of such funds out of India. This comes after the Central Board of Direct Taxes (CBDT) removed a taxation related constraint that prevented Indian AMCs from taking up direct fund management activity for the offshore funds. Sandeep Jhunjhunwala, Director shares his views on aformentioned story for Hindu Business Line- First page story. cbdt-allows-amcs-to-directly-manage-offshore-funds-out-of-india