How limited scrutiny approach can avoid pendency of tax litigation cases, arrears and delays

With the Modi government tightening its noose on tax evaders, there has been a tremendous rise in the number of prosecutions initiated by the income tax department. Taxpayers are receiving notices requiring them to furnish details of transactions. The government is gearing up for stricter enforcement, especially in cases where there is wilful attempt to evade taxes or penalty. 1. Suraj Nangia, Partner contributed an article on How limited scrutiny…

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Nangia Advisors LLP in News- File your IT return by Suraj Nangia

Introduction of additional penalty for delay in filing the return is a result of the government becoming more stringent towards income-tax compliance to regularise the system of direct taxation in India. Its vigilance towards the tax evader has increased the disclosure requirement for the salaried taxpayer this year by widening the scope of Income Tax Return (ITR) forms. Suraj Nangia, Partner with inputs Radhika Arora, Nangia Advisors LLP contributed an article on File…

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Nangia Advisors LLP – PERSONAL TAX – Ask THE EXPERT column by Suraj Nangia

Nangia Advisors LLP in a partnership with DNA newspaper  presents Ask THE EXPERT section on personal finance. In this segment, Our expert Suraj Nangia, Partner will respond to readers queries on weekly basis. Suraj Nangia, Partner answers the queries on personal tax for DNA readers  http://www.dnaindia.com/personal-finance/report-personal-tax-suraj-nangia-2625078

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Deadline for filing first instalment of advance tax ends 15 June

Nangia Advisors LLP in a partnership with DNA newspaper  presents Ask THE EXPERT section on personal finance. In this segment, Our expert Suraj Nangia, Partner will respond to readers queries on weekly basis. Suraj Nangia, Partner shares his views on Deadline for filing first instalment of advance tax ends 15 June for Livemint- Standalone story – https://www.livemint.com/Money/bYzXEqNmkU6JPwxZXt2NcN/Deadline-for-filing-first-instalment-of-advance-tax-ends-15.html  

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IMPROVING TAX COMPLIANCE OF THE ULRA- RICH – Suraj Nangia

India’s tax regime goes easy on Indian’s moving out of India and becoming NRI, whereas US taxes its citizen on global basis even after they have physically moved out of US. In view of the high number of HNIs moving their base outside India, a Working Group has been formed with the approval of CBDT to look into the tax risks of migrating HNIs. Suraj Nangia, Partner contributed an article on  IMPROVING…

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Impact of US BEAT on the Indian IT sector

The Indian Information technology (IT) and business process management (BPM) industry as we all knew till date was highly dependent on U.S. corporations offshoring the work to be conducted from India. This was primarily owing to the fact that India offers a 25-30 per cent cost savings to the U.S. Corporations offshoring the work to them. The cost saving offered by Indian IT-BPM industry is not only attributable to the…

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The Indian tax landscape: changing for the better

The Indian economy and its tax system is undergoing a period of massive change. What’s happening and what does it mean for businesses? India is moving at a rapid pace on the path of economic growth and the Indian tax landscape has witnessed many and varied changes in the recent past. The Indian government has been steadily working toward widening the tax base, addressing the menace of the parallel economy,…

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Indian tax landscape changing for better

India is moving at a rapid pace on the path of economic growth and Indian tax landscape has witnessed multifarious changes in the recent past. Indian Government has been steadily working toward widening the tax base, addressing the menace of the parallel economy, improving the ease of doing business and strengthening the anti-abuse provisions. Past year was marked by some major reforms for multinationals viz. “One nation One Tax” –…

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Suraj Nangia, Partner features in Virtual Round Table Series Tax Working Group 2018 conducted by IR Global – UK

This Virtual Series provides an update on CRS implementation from a range of jurisdictions in which IR Global tax experts are currently operating. This discussion involves IR Global members from India, Spain, Luxembourg, New Zealand and Lebanon. The discussion touches on whether CRS has caused any conflict or tension during implementation, given issues such as the LuxLeaks Scandal and Lebanon’s entrenched banking secrecy and also whether CRS has affected advice…

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