All posts by nangia

Articles In Newspapers & Journals

India notifies pact with US to check tax evasion by MNCs- Nitin Narang

Aimed at providing relief to subsidiaries of US multinationals and ensuring a check on cross-border tax evasion, India has notified the inter-governmental agreement with the United States for exchange of country-by-country (CbC) reports filed by multinational enterprises (MNEs) regarding income allocation and payment of taxes. india-notifies-pact-with-us-to-check-tax-evasion-by-mncs-nitin-narang-2
Articles In Newspapers & Journals

I-T Dept., GSTN to sign MoU for sharing data to prevent anomalies- Rakesh Nangia

The government on Tuesday authorized the income tax department to share details including sales and profits that businesses have reported in their income tax returns with GSTN, the company that processes Goods and Services Tax (GST) returns, to scale up scrutiny and check tax evasion. i-t-dept-gstn-to-sign-mou-for-sharing-data-to-prevent-anomalies-rakesh-nangia
Articles In Newspapers & Journals

CBDT’s taxation proposal to hit loss-making foreign companies: Experts- Rakesh Nangia

Loss-making multinational companies with a permanent establishment (PE) or business connection in India could be adversely hit if the income tax department’s recent proposals are implemented. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Business Standard. cbdts-taxation-proposal-to-hit-loss-making-foreign-companies-experts-rakesh-nangia