Tag Archives: Suraj Nangia

Income Tax: Only 1 house can be declared as self-occupied by husband and wife as joint owners – Suraj Nangia

With the Modi government tightening its noose on tax evaders, there has been a tremendous rise in the number of prosecutions initiated by the income tax department. Taxpayers are receiving notices requiring them to furnish details of transactions. The government is gearing up for stricter enforcement, especially in cases where there is wilful attempt to evade taxes or penalty.

  1. Suraj Nangia, Partner answers the queries with regard to personal tax for Financial Express

 

Income Tax: Only 1 house can be declared as self-occupied by husband and wife as joint owners - Suraj Nangia

How limited scrutiny approach can avoid pendency of tax litigation cases, arrears and delays – Suraj Nangia

With the Modi government tightening its noose on tax evaders, there has been a tremendous rise in the number of prosecutions initiated by the income tax department. Taxpayers are receiving notices requiring them to furnish details of transactions. The government is gearing up for stricter enforcement, especially in cases where there is wilful attempt to evade taxes or penalty.

 

  1. Suraj Nangia, Partner contributed an article on How limited scrutiny approach can avoid pendency of tax litigation cases, arrears and delays for Financial Express.

             (with inputs from Vasudha Arora)

How limited scrutiny approach can avoid pendency of tax litigation cases, arrears and delays - Suraj Nangia

 

Disclose account in minor child’s name while filing returns – Suraj Nangia

The Central Board of Direct Taxes (CBDT) proposes to provide a relief to MNCs on the interest payable by them on the untaxed profits stashed abroad, requiring to be repatriated back to India under the transfer pricing regime. It now plans to ease a rule on the manner of computation of interest in the case of MNCs opting for a Mutual Agreement Procedure (MAP)/Advance Pricing Agreement (APA) process to settle transfer pricing disputes.

Suraj Nangia, Partner answers the queries on personal tax for DNA readers .

disclose-account-in-minor-childs-name-while-filing-returns
disclose-account-in-minor-childs-name-while-filing-returns

File your IT return by Suraj Nangia

Introduction of additional penalty for delay in filing the return is a result of the government becoming more stringent towards income-tax compliance to regularise the system of direct taxation in India. Its vigilance towards the tax evader has increased the disclosure requirement for the salaried taxpayer this year by widening the scope of Income Tax Return (ITR) forms.

Suraj Nangia, Partner with inputs Radhika Arora, Nangia Advisors LLP contributed an article on File your IT return for Financial Chronicle- Opinion page.

File your IT return
File your IT return