Chartered accountants are in a tizzy following a recent Supreme Court order that upheld the right of the regulator to haul them up for misconduct, not related to professional work. This makes any act by a chartered accountant that brings disrepute to the profession, whether or not in the professional domain, open to disciplinary scrutiny and action.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for Business Standard.
India and China on Monday amended their bilateral Double Taxation Avoidance Agreement (DTAA) to prevent tax evasion through exchange of information.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for following
India-China amends double taxation avoidance treaty
There has been tremendous growth in the number of foreign enterprises which work on short-term projects in India. As per the prevailing tax deducted at source (TDS) provisions, their entire income is subject to TDS at the applicable rates which fully covers their Indian tax liability. The question then arises as to whether filing of a tax return is necessary in India.
Rakesh Nangia, Managing Partner and Rahul Jain, Partner contributed an article on Tax deducted at source in full? Non-Resident corporates still required to file tax return in India for Financial Express.