F1 Circuit—A Fixed Place PE! – Suraj Nangia

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Concept of Permanent establishment (‘PE’) is an important subject for any company operating or planning to operate in another country, in order to determine whether the company’s activities in a country are taxable in that country. Determining whether a company has triggered a PE is seldom clear cut, since it is highly facts driven. Suraj Nangia, Partner with inputs from Mansi Chopra, Manager contributed an article on formula one ruling…

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NO TAX ON NOTICE PERIOD PAY CUT- Suraj Nangia

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The Ahmedabad bench of Income Tax Appellate Tribunal has recently held that since an employee receives salary after deduction of notice period pay, only actual salary received is taxable Suraj Nangia, Partner contributed an article on NO TAX ON NOTICE PERIOD PAY CUT for Financial Express Reference Link http://www.financialexpress.com/money/income-tax-returns-good-news-no-tax-on-notice-period-pay-cut/664668/  

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Payment for Usage of Marks/Logos – Whether Royalty?- Suraj Nangia

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How crucial marks/logos/designs (collectively hereinafter referred to as “marks”) are for an enterprise is a well acknowledged fact. In the current dynamic business scenario an entity’s identity and existence are dependent on how well it is able to establish itself in the minds of the people. To achieve this objective, organisations constantly undertake extensive advertisements and promotional activities. With businesses being carried on across the borders, multinationals join hands to…

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Who could have thought a car race track could be a PE in India !!

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Concept of Permanent establishment (‘PE’) is an important subject for any company operating or planning to operate in another country, in order to determine whether the company’s activities in a country are taxable in that country. Determining whether a company has triggered a PE is seldom clear cut, since it is highly facts driven. The laws and enforcement practices of the target or host country, applicable tax treaties and the…

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