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PRIYANSHI CHOKSHI
UAE VAT changes to increase costs and compliance burden for Indian businessesWhile the rules apply to all businesses operating in the UAE, Indian companies account for about 20-25% of total businesses, with over 265,...
HC strikes down retrospective tax law amendment; over 2 lakh taxpayers get relief, all eyes on Supreme CourtThe high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around two lakh taxpayers. ...
Indian Inc rushes to align with UAE’s 15% minimum tax as November deadline loomsIndian multinationals are assessing their UAE tax exposure before November's deadline. A new 15% minimum tax could affect their existing co...
Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for manyThe rupee's depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regular...
Indians returning from US may face higher tax as treaty benefit wanesReturning professionals and retirees from the US face higher taxes. A US clarification on tax treaties may end lower tax rates on their US ...
Tax Test: Indian students in US stuck in H-1B residency riddleIndian students in US universities are facing challenges due to differing interpretations by American accountants on tax residency rules po...
Where did the funds come from? Banks ask Indians moving money abroadUnder the Liberalised Remittance Scheme (LRS), resident individuals are permitted to transfer up to $250,000 a year abroad to invest in pro...
PE, VC funds urge Centre to tax Esops only at time of saleAt present, a startup employee who receives a grant of options from the firm under the employee stock ownership plan (Esop) has to pay full...
Taxman looks at startup valuations via rarely-used provisionStartups that, despite losing money, sell stocks at steep premiums based on growth projections, being asked to explain valuations