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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India Top Court: Auxiliary Functions Don’t Decide Tax Residency- Suraj Nangia

India’s top court passed a highly significant judgment on the taxability of outsourcing arrangements between Indian affiliates and their global counterparts by validating that a subsidiary performing back­end operations in India doesn’t constitute a permanent establishment. Suraj Nangia, Partner shares his views on aformentioned story for Bloomberg-BNA.

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Topic Routine functions won’t make MNCs liable to pay Indian tax

India’s apex direct taxes body has clarified that routine administrative functions carried out from a regional outfit of a multinational company, including handling of payroll, accounting and human resources, will not make it liable to tax on income earned outside the country. The move addresses a key concern of multinationals. There had been concerns that multinationals having regional offices in India where employees handle various administrative functions for multiple  countries…

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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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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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