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Total 34 results found. Search for [ Rakesh Nangia ]

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PTI
September 16, 2018
As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.


PTI
September 2, 2018
As per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian authorities on the seventh day of the subsequent month, which falls on September 7.


PTI
New Delhi, June 3, 2018
The tax department is currently studying the details received from Flipkart, said an official, adding that they can issue notices seeking details of taxes withheld once the transactions are completed.


Dipak Mondal
New Delhi, May 28, 2018
The Walmart-Flipkart deal is a possible nightmare for the tax department given the complex holding structure of the Indian e-commerce giant.


Dipak Mondal
New Delhi, May 10, 2018
The tax on the deal arises due to indirect transfer provisions of Indian income tax laws. The tax provisions say income arising out of transfer of share of a company registered outside India is taxable in India, if such shares derive substantial value from assets located in India.


PTI
March 19, 2018



Dipak Mondal
March 16, 2018
Some of the amendments are made to remove the ambiguities in the language in the Finance Bill tabled during budget and some of the amendments were made to address the concerns raised by different stakeholders.


PTI
New Delhi, March 14, 2018
The indexation benefit - which takes into account the impact of inflation on acquisition cost - will not be available on gains made from sale of listed securities, as per the amendments to the Finance Bill, which was passed by Lok Sabha today.


PTI
March 14, 2018



Rakesh Nangia and Rahul Jain
New Delhi, February 11, 2018
Budget 2018 was presented in the midst of widespread speculation that being the last full Budget before elections in 2019, it could end up being populist, hurting the economy and largely at the expense of the taxpayers.


Rakesh Nangia
January 23, 2018
Corporate bodies have started putting forward their expectations, the foremost being rationalisation of tax rates and withdrawal of surcharge and cess on Income Tax. The proposal of the Finance Minister, in the Budget of 2015-16, to reduce the tax rate from 30% to 25% in four years and reduction in the US tax rates are the reasons why the corporates are hoping for tax rate cut.


PTI
June 8, 2017
Finance Minister Arun Jaitley signed the multilateral convention, an outcome of the OECD/G20 Project to tackle base erosion and profit shifting.


PTI
New Delhi, June 6, 2017
The amendment provides that capital gains exemptions for income arising from the transfer of shares acquired on or after October 1, 2004, will be available only if the acquisition was chargeable to STT.


PTI
January 27, 2017
Seeking to assuage investor concerns ahead of implementation of GAAR from April 1, the Tax Department on Friday said the provisions of tax avoidance rules will not apply to a transaction that does not carry a tax benefit based on the jurisdiction it is routed through.


Rakesh Nangia
New Delhi, January 26, 2017
With increase in globalization, geographical boundaries of countries have become blurred and many multinational groups try to get benefit of their global presence to minimize their overall tax costs by using low tax jurisdictions for tax planning.


PTI
New Delhi, November 9, 2016
\"The impact would be felt by every part of the economy with real estate sector feeling the biggest and a far reaching impact. Consumption would be hit India-wide in the short term,\" said Rakesh Nangia Managing Partner Nangia & Co.


By Dipak Mondal
Delhi, September 17, 2016
After big reforms in CBDT, Anita Kapur has joined the tribunal that decides appeals against CCI decisions.


PTI
New Delhi, June 30, 2016
Foreign tax credit (FTC) will be available against tax, surcharge and cess payable under the Act, including minimum alternate tax (MAT) but not in respect of interest, fee or penalty.


Dipak Mondal
June 1, 2016
Equalisation Levy, popularly being called Google Tax in India and coming into force from today, would most likely hit Indian businesses who use online platforms of foreign digital companies like Google, Amazon, Facebook, etc to advertise their products.


Reuters
May 30, 2016
The most notorious has been Sahara, whose founder Subrata Roy was jailed in 2014 after failing to comply with a Supreme Court order to repay money raised under deposit plans later ruled illegal. The court has asked Sahara to return $5.4 billion to investors in those banned plans.


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