Service Permanent Establishment-Changing Landscape – Suraj Nangia

Recently, the Tribunal, had made interesting observation in case of ABB-FZ [2017] 83 Taxmann 86 (Bengaluru – Trib) while interpreting provisions of service PE.  It held that for constituting a Service PE it is not the stay of employees for the specified period which is required to be met but continuous rendition of services by the foreign company. Suraj Nangia, Partner with inputs from Mansi Chopra, Manager, Nangia & Co LLP contributed…

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Multilateral Instrument- Changing Landscape of Cross Border Transactions

Way back in 90s, globalisation and opening-up of the economy changed the manner in which the businesses were conducted. With passage of time, businesses environment became more uncertain and thus dynamic. Multinational Corporations (‘MNCs’) devised strategies to efficiencies in their tax bill as well. However, loss of revenue led to the convergence of the governments worldwide to bring turnaround changes in the taxation laws. One such measure is the Multilateral…

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Filing Income Tax? See Mr. Suraj Nangia live on Facebook on Mint

Filing Income Tax? Join us LIVE as we discuss ‘Who needs to file income tax return, how to file it and common mistakes to avoid. Mr. Suraj Nangia, Partner, Nangia and Co. LLP is live on Facebook on Mint Filing Income Tax? Join us LIVE as we discuss 'Who needs to file income tax return, how to file it and common mistakes to avoid', with Suraj Nangia, Partner, Nangia and Co….

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GST impact on employees: How employer, staff relationship has got complicated – Suraj Nangia

The Goods and Services Tax (GST) laws have tried to address several ambiguities that prevailed under earlier tax laws leading to unnecessary litigation. One such provision which has been penned down differently in GST is services flowing from employer to the employee. Overall, GST is being seen as a very positive move by the government. However, at the same time, the new GST rules may prove to be a dampener…

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GST impact on online shopping, tax – Suraj Nangia

On July 1, India moved on to a new era of taxation with the rollout of Goods and Services Tax (GST). It has now subsumed 17 central and state indirect taxes and 23 cesses into a single tax regime. Such a big transition is bound to change the lives of many individuals and businesses. Suraj Nangia, Partner  contributed an article on GST impact on online shopping, tax breaks for Financial Express. Reference Link http://www.financialexpress.com/money/gst-impact-on-online-shopping-tax-breaks-all-you-to-know-about-the-changed-rules-in-7-brief-points/749411/

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5 things to remember while filing income tax returns- Suraj Nangia

It’s that time of the year again when you have to go through the annual ritual of filing income tax returns (ITRs). You can file your ITR for the financial year (FY) 2016-17 by 31 July 2017, else it will be considered a belated return. Irrespective of whether your income is in the taxable slabs or not, ideally you should file the return. Here are five things to know when…

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Government penalizing cash receivers – who shall fall in the taxman's net

Closing its grip on black money, we saw a battery of steps taken by government hitting the hoarders from all the directions. Starting by passing the Black Money Act, then offering income declaration schemes, followed by the recent surprise attack of demonetisation, each move of the government is aimed at tightening its hold on the tax evaders and cleaning Indian economy of this menace. In order to address the root cause…

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Common mistakes to avoid while filing income tax returns – Suraj Nangia

Due to lack of knowledge and fear that a mistake in income tax returns (ITR) may entail interest, penalty and even prosecution, people prefer to file their tax returns through professionals. However, with little attention, one can file returns themselves. Here is a list of things to keep in mind to avoid common mistakes that people make while filing returns. Suraj Nangia, Partner contributed an article on common mistakes to…

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