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Rakesh Nangia

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Lower fines, but more powers to assessing officers

The new penalty regime could create a fresh set of complications for tax payers. On the one hand, the government is trying to reduce litigation by giving additional freedom to income-tax assessees......

Time to change meaningless Income Tax exemptions

Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees. If an employee is not paid any house rent allowance, he will get a tax......

Start-ups may get tax benefit in Budget 2016 for brand building

The govt could allow start-ups and e-commerce cos to appropriate initial brand building expenses over several years for accounting benefits In order to encourage start-ups, especially e-commerce......

Raise I-T threshold for TDS deduction: Easwar panel

The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions. A high level panel on simplification of income......

Budget goodies for GIFT City, markets likely

Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets. Image: Conceived in 2007 by Prime Minister Narendra Modi, then Gujarat's......
  Web results for Rakesh Nangia
Sale of unlisted shares to be taxed under capital gain

Income from sale of unlisted shares would be treated as capital gains and taxed at a lower rate than business income to have a uniform approach and... ...

http://www.mydigitalfc.com/government-finance/sale-unlisted-shares-be-taxed-under-capital-gain-269
Panel suggestions may not adequately cover cross-borderissues

Even as the joint committee on Bankruptcy Code suggested inserting two new clauses in the draft legislation to deal with cross-border insolvency, a... ...

https://in.news.yahoo.com/bankruptcy-code-panel-suggestions-may-015900636.html
Communication is critical

A host of Indian companies have faced compliance and regulatory challenges to their operations in India and abroad in recent years. Here's what... ...

http://www.afaqs.com/news/story/47858_Communication-is-critical
Govt seeks comments on MAT report

New Delhi, Apr 28 (PTI) Government has sought public comments on changes suggested by a committee for computation of book profit of companies for... ...

http://www.ptinews.com/news/7383865_Govt-seeks-comments-on-MAT-report-.html
Taxman To Consider Third Party Information On Non-Filers

New Delhi : The Income Tax Department will consider information received from third party sources like banks, law enforcement agencies and foreign... ...

http://profit.ndtv.com/news/tax/article-taxman-to-consider-third-party-information-on-non-filers-1399767

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