The Narendra Modi government’s consistent efforts towards formalization of the Indian economy, financial inclusion and digitization can ensure a clean and efficient economy.
- Suraj Nangia, Partner answers the queries for a weekly queries column raised by Financial Express readers.
India’s tax regime goes easy on Indian’s moving out of India and becoming NRI, whereas US taxes its citizen on global basis even after they have physically moved out of US. In view of the high number of HNIs moving their base outside India, a Working Group has been formed with the approval of CBDT to look into the tax risks of migrating HNIs.
Suraj Nangia, Partner contributed an article on IMPROVING TAX COMPLIANCE OF THE ULRA- RICH for Hind Business Line.
2. Suraj Nangia, Partner answers the queries for a weekly queries column raised by Financial Express readers.
The Bombay High Court has recently delivered a judgement that would favourably impact the builders. It clarified that the point of taxability of a builder’s income will arise on the transfer of possession of the property to the buyer.
1. Suraj Nangia, contributed an article on Tax on builder income on transfer of property to buyer for Financial Express.