All posts by nangia

Articles In Newspapers & Journals

Angel Tax: CBDT gives effect to DPIIT’s new regime – Rakesh Nangia

The relief for startups facing tax demands for selling shares at a premium to their fair market value will be effective from 19 February, the Central Board of Direct Taxes (CBDT) said in a notification issued on Tuesday. Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications: angel-tax-cbdt-gives-effect-to-dpiits-new-regime
Articles In Newspapers & Journals

Citing Supreme Court’s Vodafone order, Bombay HC rejects transfer pricing adjustment – Amit Agarwal

Relying on the Supreme Court’s verdict in the Vodafone case related to transfer pricing adjustment (TPA), the Bombay High Court upheld the Income Tax Appellate Tribunal (ITAT) ruling that had struck down the adjustments made by the taxman on an Indian company for buying shares in a fully-owned Dubai-based subsidiary on its capital account. Amit Agarwal, Partner shares his views on aforementioned story for Financial Express- Standalone story. Citing Supreme Court’s Vodafone order, Bombay HC rejects transfer pricing adjustment - Amit Agarwal
Articles In Newspapers & Journals

Govt says trustees too can approach IBC against corporate debtors – Sumit Naib

The Ministry of Corporate Affairs (MCA) vide its notification dated February 27, 2019 has allowed trustees, estate administrators, persons authorised by a company’s board of directors etc to initiate corporate insolvency resolution process (CIRP) against a corporate debtor before the NCLT, on behalf of financial creditors under the Insolvency and Bankruptcy Code (IBC), 2016. Sumit Naib – Regulatory shares his views on aformentioned story for following publications: Hindu Business Line- Front page story Financial Express govt-says-trustees-too-can-approach-ibc-against-corporate-debtors
Articles In Newspapers & Journals

MCA seeks more details from companies to put a check on shell firms – Sandeep Jhunjhunwala

Every company incorporated till December 31, 2017, has to disclose its particulars and registered office in a new return, a move aimed at tightening the noose around shell firms. As part of its efforts to curb shell companies, suspected to be used as conduits for illicit fund flows, the Ministry has notified a new electronic form ACTIVE-1 (Active Company Tagging Identities and Verification). Sandeep Jhunjhunwala, Director shares his views on aforementioned story for following publications: Business Standard PTI (This news has been picked up 8 other news publication including Times of India, Financial Express, Hindu Business Line, CNBC TV 18, the week etc.) mca-seeks-more-details-from-companies-to-put-a-check-on-shell-firms