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

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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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Deadline for filing first instalment of advance tax ends 15 June

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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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India Makes First Tax Evasion Arrests Under GST Regime

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India’s tax authority has arrested two men on charges of tax evasion under the Goods and Services Tax system, the first arrests under the fledgling regime. The Income Tax Department made two March 1 arrests in Mumbai on the grounds the companies evaded a total of $1.1 million in taxes by claiming input credits against fake purchase of goods, according to an announcement. The government hasn’t named the individuals. The…

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

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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

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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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