Budget 2018 Modi govt. to give more income tax relief- Suraj Nangia

In what is widely expected to be a populist Budget, the government is likely to offer taxpayers some relief by levying personal income tax (PIT) only for those earning incomes above Rs 3 lakh per annum. Suraj Nangia, Partner  shares his views on the queries raised by Financial Express readers. Attached is link to the article – http://www.financialexpress.com/money/income-tax-returns-itr-filing-if-your-tax-dues-are-over-rs-10000-here-is-what-you-should-do/1015184/  

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Joint development agreement and what triggers income tax liability- Suraj Nangia

Joint Development Agreements (JDA) are prevalent in India as they are beneficial both for the owner and the developer. The owner gets a better built house and the developer gets his remuneration either in the form of a part of the building or money. Under a typical joint development agreement, land owner contributes his land and enters into an arrangement with the developer to develop and construct a real estate…

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SOCIAL SECURITY COMPLIANCE IN INDIA: ONE-TIME OPPORTUNITY FOR DEFAULTING EMPLOYERS!

The Employees’ Enrolment Campaign, 2017 (“PF Campaign”) has been introduced to encourage employers who have defaulted in making provident fund (“PF”) contributions (which also includes pensions), to voluntarily enroll their employees under the Employees’ Provident Fund Scheme, 1952 (“PF Scheme”) without incurring any legal liabilities. However, Such benefit under the PF Campaign shall apply only with respect to employees who are Indian nationals and does not apply to international workers….

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