All posts by nangia

Digital tax: Centre rakes in moolah with ‘equalisation levy – Sandeep Jhunjhunwala

The Central Board of Direct Taxes (CBDT) has constituted a five-member committee to examine the suggestions and issues on litigation management that emanated from a judicial conference held in January. Sandeep Jhunjhunwala, Director- Direct Taxation shares his views on Digital tax: Centre rakes in moolah with ‘equalisation levy’ for Hindu Business Line- Standalone story  Digital tax: Centre rakes in moolah with ‘equalisation levy

Nangia Advisors, a collaborating firm with Andersen Global in India, opens office in Pune as its 7th office in India

Nangia Advisors, a collaborating firm with Andersen Global in India, opens office in Pune as its 7th Location in India Delhi, 08 February, 2019: We are delighted  to announce the opening of our 7th office in India at Pune. This move is indicative of our aggressive expansion plan and significant growth in the global consulting industry. Mr. Sudin Sabnis would be driving the Firm’s Pune operations. Mr. Sabnis has extensive experience working in Germany as well as in India and has spent more than a decade working in MNC’s as well as with Big Four Accounting firms in their tax and regulatory practise. He has been deeply involved in Corporate and International tax and regulatory advisory, compliance support, restructuring opportunities and tax controversies across a range of sectors. Speaking on the opening of new office Rakesh Nangia, Managing Partner, Nangia Advisors said . “Our new home in this innovative city will allow us to propel the company even further,  Pune office will help us expand our operational competences, swift scaling of our team and outspread our consulting services for our global customers”. Nangia & Co LLP had announced a strategic collaboration agreement with Andersen Global last year in May.  Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by US member firm Andersen Tax LLC, Andersen Global now has over 4,000 professionals worldwide and a presence in over 129 locations through its member and collaborating firms. About Nangia & Co LLP Nangia & Co LLP, a group founded in 1984, a premier professional services firm, with the Managing Partner in practice since 1981 strives to add value to business of its clients. With specialization in international tax and transfer pricing, we carry experience of more than 38 years in advising Fortune 500 multinationals doing business in India and Indian business houses on a wide range of matters relating to FDI policy, entry strategy, company formation, business re-organizations, cross-border tax structuring, taxation consultancy services, mergers & acquisitions, investment banking, tax litigation and regulatory policy across a range of sectors. Our growth is a byproduct of the outstanding client service delivered by our people, the best in the industry. Network of offices located in Noida, New Delhi, Gurugram, Mumbai, Dehradun, Bengaluru and Pune, with approximately 300+ professionals and counting. Nangia & Co LLP had become a collaborating firm of Andersen Global, with over 300 professionals and nearly 38 years of experience, kick-starting Andersen’s expansion into India. Nangia Advisors, a collaborating firm with Andersen Global in India, opens office in Pune as its 7th office in India

India Interim Budget, 2019 – An analysis of the tax proposals

In the wake of general elections, Narendra Modi led government announced an interim budget 2019-20 on February 1, 2019. The Interim Finance Minister Mr. Piyush Goyal laid down NDA Government’s ‘Ten-Dimensional Vision’ for the next decade. The government envisions a modern, technology driven, high growth, equitable and transparent India. The focus of the interim budget has been on poor and backward classes, farmers and labour, with proposals for budget allocations towards various new schemes aiming at uplifting/ supporting them. According to Rakesh Nangia, Managing Partner, Nangia Advisors “Budget 2019 is a revolutionary Interim-budget Deviating from the past practice and acknowledging the country need not wait for reforms to be implemented, the FM announced block bolstered relief to middle strata of the population from direct taxes and addressed the concern of the farmers and rural economy”. Please find attached India Interim Budget, 2019 – An analysis of the tax proposals summarizing the key proposals on direct and indirect taxes, along with sector wise impact of the same. India Interim Budget, 2019 - An analysis of the tax proposals If you wish to unsubscribe our news alerts, send us a blank mail at [email protected] with a subject line “unsubscribe”, we shall remove your email id from our mailing list. NEWSFLASH_ India Interim Budget, 2019