All posts by nangia

Articles In Newspapers & Journals

Foreign firms in telecom, 3 other sectors need not obtain RBI nod to open branch offices – Nischal Arora

On a recent gazette notification published on 21st January 2019, the RBI has finally amended relevant legal provisions to dispense with the requirement for foreign companies to obtain prior RBI approval for establishing Branch Office/ Project Office/ Liaison Office or any other place of business in India in the aforesaid sectors in cases where prior Government approval or license/permission from concerned Ministry/Regulator has been granted. Nischal Arora, Director- Regulatory shares his views on aforementioned story for PTI(NEWS AGENCY). foreign-firms-in-telecom-3-other-sectors-need-not-obtain-rbi-nod-to-open-branch-offices-nischal-arora
Articles In Newspapers & Journals

Assessees receive notices for missing advance tax payments – Rakesh Nangia

The Interim Budget this year is being considered on par with a full-fledged Budget and expectations are that there could be new tax provisions. Convention says that there should not be any proposal to amend tax laws in the Interim Budget, but rules do not debar the same. Rakesh Nangia, Managing Partner shares his views on Assessees receive notices for missing advance tax payments for Economic Times. Assessees receive notices for missing advance tax payments
Articles In Newspapers & Journals

Will Jaitley tinker with income-tax slabs – Rakesh Nangia

The Interim Budget this year is being considered on par with a full-fledged Budget and expectations are that there could be new tax provisions. Convention says that there should not be any proposal to amend tax laws in the Interim Budget, but rules do not debar the same. Rakesh Nangia, Managing Partner shares his expectations from interim budget, 2019 for Hindu Business Line. Will Jaitley tinker with income-tax slabs
Articles In Newspapers & Journals

Cost for repairing house can be deducted from capital gains – Chirag Nangia

In a recent case before the Bangalore Tribunal, an employee had been granted Esops at different points of time by his employer’s holding company. These had not been exercised by the employee, though Esops had vested. The holding company entered into an option transfer agreement with the employee, transferring Esops held by the employee to the holding company. Cost for repairing house can be deducted from capital gains