Rakesh Nangia & Shailesh Kumar

Received an Income Tax reassessment notice? Evaluate whether it is permissible under law

January 7, 2022

Thoughts of scrutiny of an ITR generally gives goosebumps to a common taxpayer, despite having reported all the income and assets appropriately. This happens due to the general perception of tough questions being asked by the tax authorities and possibility of additional tax, interest or penalty to be demanded by...

Having an income tax proceeding? These are the options available to a taxpayer

July 15, 2020

Thought of having a legal case or dispute itself is sufficient to give headache to any person. An, if the dispute is with the Income tax authorities in relation to an income tax matter, it can surely give sleepless nights to the litigant taxpayer. Even for the Government, litigation in...

‘Equalisation Levy’: India’s own local ‘digital transaction tax’!

June 29, 2020

As the businesses have been changing their ways, models and functions to suit and survive in this fast changing world, so do the Governments across the world seek to change their taxation laws and rules, with an objective to optimize their tax collection and obtain a fair share of tax...