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Nangia Andersen India

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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......

Made-in-America tax plan may hit India's manufacturing firms

US proposal to raise the global corporate tax rate to 28% from 21% might face resistance from countries unwilling to give up their edge and compete with America on its terms. Global minimum......

Software royalty likely to cost Centre Rs 5,000 crore every year

Sources said about hundreds of companies, including Facebook and Amazon, could seek tax refund because they import software for sale in India. Illustration: Dominic Xavier/Rediff.com The Centre is......

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