All posts by nangia

Articles In Newspapers & Journals

Tax reforms in the absence of DTC – Rakesh Nangia & Neha Malhotra

The Income Tax Act is more than 5 decades old and has gone through a plethora of amendments since. Realising this the Prime Minister Narendra Modi led NDA Government, has been constantly trying to trim down the obscurities. Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director contributed article on Tax reforms in the absence of DTC discussing the tax changes brought by NDA govt. in last four years for Hindu Business Line. Tax reforms in the absence of DTC
Articles In Newspapers & Journals

How to get errors in your Form 26AS corrected – Neha Malhotra

One often reads newspaper reports about some prominent businessman having taken up foreign citizenship, mostly of some obscure country offering citizenship to persons who invest a large sum of money there. The speculation generally is that this has been done to obtain income tax benefits. Is this really true? Under Indian income tax law, the scope of taxability of income is based on the concept of residence, and not on the concept of citizenship. 2. Neha Malhotra, Executive Director shares her views on How to get errors in your Form 26AS corrected for Economic Times. How to get errors in your Form 26AS corrected
Articles In Newspapers & Journals

How your residential status determines tax incidence – Neha Malhotra

One often reads newspaper reports about some prominent businessman having taken up foreign citizenship, mostly of some obscure country offering citizenship to persons who invest a large sum of money there. The speculation generally is that this has been done to obtain income tax benefits. Is this really true? Under Indian income tax law, the scope of taxability of income is based on the concept of residence, and not on the concept of citizenship.  
  1. Neha Malhotra, Executive Director with inputs from Radhika Arora contributed an article on How your residential status determines tax incidence for Financial Express.
Articles In Newspapers & Journals

THE TAXING POEM – Rakesh Nangia & Neha Malhotra

The Central Board of Direct Taxes (CBDT) has now issued final notification on 22 June 2018 dealing with different aspects of the computation of income of such foreign companies constituting Indian resident owing to its POEM, such as depreciation, carry forward and setoff of losses, foreign tax credit, difference in the tax year than that adopted by the foreign company.   Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director with inputs from Radhika Arora contributed an article on THE TAXING POEM  for Financial Chronicle. THE TAXING POEM