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NANGIA ANDERSEN
Tax exemption notified for non-residents' investments in offerings by IFSC"The relaxation will allow non-residents to claim tax exemption in India on income from financial products offered by GIFT city intermediar...
Govt should consider lowering TCS on overseas tour packages to increase outbound tourism: ReportThe growth in the Indian travel and tourism industry is driven by a combination of rising income levels and changing lifestyles, developmen...
Govt paves way for IFSC units to issue P-notes to foreign investorsFinance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts...
FinMin to stick to privatisation of already announced CPSEs next fiscalThe Finance Ministry will move ahead with the already-announced and planned privatisation of state-owned companies in the next fiscal, and ...
Andersen Global sees 'extraordinary' mkt opportunities in India, to continue to add quality workforce: CEO Mark Vorsatz"We will continue to add quality people. We see the market opportunities as extraordinary. We have invested in both a global tax program (w...
India's outbound tourism to surpass USD 42 bn by 2024: ReportWith a growing economy, young population, and growing middle class, India is ideally positioned to become one of the most lucrative outboun...
India's outbound tourism to surpass USD 42 bn by 2024: ReportWith a growing economy, young population, and growing middle class, India is ideally positioned to become one of the most lucrative outboun...
India should allocate funds to develop 'high-end' tourism, focus on hosting global biz events: ReportThe 'Rebuilding Tourism For the Future 2022' report, prepared by Nangia Andersen LLP in association with Ficci, said post COVID, a new term...
Finance Ministry notifies e-advance ruling scheme, allows filing e-mail applicationThe advance ruling mechanism is provided in the Income Tax Act to provide upfront clarity to non-residents and certain other specified taxp...
OECD paves way for new global tax regime roll-outThe global tax framework, drawn up by the OECD, has two pillars. Pillar One seeks to ensure a fairer distribution of profits and taxing rig...
Retrospective tax: Govt to put safeguards in place to avoid another CairnThe govt is trying to make sure that settlement arrangements align properly with international laws. A leading tax expert said the wording ...
FDI in computer software, hardware jumps threefold to $26.14 billion in 2020-21: DPIIT dataThe computer software and hardware sector accounted for about 43 per cent in the total $59.63 billion foreign inflows that India attracted ...
Floor set for taxing business income created in IndiaThe provisions of significant economic presence seek to enlarge the scope of income of non-residents that accrues or arises in India, by es...
Cashless exercise of stock options taxable as capital gains, not as salary: Karnataka High CourtDasannacharya exercised his right under the stock option by way of “cashless exercise” where the underlying shares were not allotted but he...
CBDT lays out five parameters for compulsory selection of returns under faceless assessmentThe selection process has to be completed by the month end, field offices have been instructed in letter issued on Thursday. The Board has ...
I-T relief on purchase of discounted shares of troubled companies"Such an exemption will encourage more investors and make such reconstruction schemes more lucrative and viable," said Suraj Nangia, Partne...
Change in transfer pricing regulations to help MNCsThe Union budget 2020-21 has proposed to amend the Section 92CB of the Income Tax Act that empowers the Central Board of Direct Taxes to fr...