Tag Archives: Rakesh Nangia

Automation, natural way to progress- Article by Rakesh Nangia

Today’s hottest sector are robotics, automation and artificial intelligence. Mind you, it’s much more than just a buzzword. Our day-to-day life is undergoing an overhauling. In healthcare, which is a basic necessity, robot-assisted surgeries take place every day in operating rooms across the country. Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director contributed an article on Automation, natural way to progress for Hindu Business Line. Automation, natural way to progress- Article by Rakesh Nangia  

Nangia & Co LLP selected first Indian member firm of Praxity

Nangia & Co LLP with Praxity alliance will help its clients realize their global potential well beyond India’s borders. Through this alliance, an international network of like-minded, independent accounting firms, Nangia’s would be able to bring the world of business to its clients.

Commenting on this development Rakesh Nangia, Managing Partner, Nangia & Co LLP said “Nangia & Co LLP, an organically grown Chartered Accountancy Firm, with presence for over three decades has grown exponentially in the last decade. Praxity ensures that each of its member firms are highly rated by its peer, committed to ‘best in class’ service cultures and they found us fitting to be a Praxity member firm. Participation in this alliance will provide our clients with seamless international experience, local market insights, strategic partnerships and regulatory guidance, wherever they do their business.”

This news has been carrired by top leading publications:

  1. Financial Express
  2. PTI

(News flashed by PTI has been carried by Business Standard, Deccan chronicle, Asian age, Outlook Inida, India today and 15 other news portal)

Praxity Nangia & CO LLP

first Indian member firm of Praxity - Nangia & CO LLP

Praxity - First Indian Firm - Nangia & CO LLP

Private equity, venture capital funds get relief from Vodafone-type tax – Rakesh Nangia

In a boost to the Alternate Investment Funds (AIF) industry, tax authorities have clarified that non-resident investors investing through multi-layered structures would not be covered under the ambit of “indirect transfer” provisions of the income tax law.  The latest Central Board of Direct Taxes (CBDT) move will allay the concerns of investment funds, including private equity and venture capital funds, which feared multiple taxation of the same income at the time of subsequent redemption or buyback by non-residents in their offshore entities.

  1. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Hindu Business Line.
  2. Suraj Nangia, Partner  shares his views on the queries raised by Financial Express readers.
Vodafone-type tax - Rakesh Nangia Your queries section by Suraj Nangia  

Impact of open market value rules under GST- Rakesh Nangia & Nitin Narang

Introduction of Goods and Services Tax(GST), the biggest tax reform in the recent times, marks a tectonic shift that would propel India’s growth in line with Government of India’s vision. With this background, the Government/ GST council is fine tuning the GST rules in lines with the feedback received from various stakeholders. One of the rules in GST pertain to open market value, which has potential interplay with the existing income tax transfer pricing (TP) provisions, and/or SVB (Special Valuation Branch) proceedings in the erstwhile indirect tax regime. Rakesh Nangia, Managing Partner and Nitin Narang, Executive Director- Transfer Pricing with inputs from Tarini Nijhara, Associate Director contributed an article on Impact of open market value rules under GST for ET CFO. Impact market rules under GST- Rakesh Nangia

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