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Nangia Andersen

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Digital tax on US companies to go latest by March 2024

New Delhi and Washington have agreed to count the benefits of a global agreement on taxation from the next financial year. However, the benefits would actually accrue once the global pact comes......

ITR filing extension: No relief to taxpayers on interest liability

The Central Board of Direct Taxes (CBDT) has extended various tax returns filing deadlines till December 31 this year but it will continue to levy interest on delayed payments made after July 31,......

Hit by GST recovery notices and summons, industry calls for help

The process of calling taxpayers to record their statements continues to be lengthy and tedious, defeating the intent of the GST legislation. Illustration: Dominic Xavier/Rediff.com With Goods and......

This govt was not in favour of retro tax: Fin Secy

The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance......

Why India may have to withdraw 2% equalisation levy on firms by 2023

The OECD deal is intended to ensure that multinational digital entities pay more taxes in countries where they have customers or users than from where they operate. India conceding ground to bring......

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