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Harshal Sevak & Co > News
28 Feb 2022
Effectively dominated intl border, nabbed intruders, foiled drug smuggling attempts, says BSF Gujarat Frontier

BSF Gujarat Frontier personnel last year apprehended three Pakistanis, two Bangladeshis and 24 Indians from near the international border with Pakistan, and also foiled attempts to smuggle narcotics from the neighboring country, the force said.

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28 Feb 2022
The Anti Tax Avoidance Directive

The Anti-Tax Avoidance Directive contains five legally-binding anti-abuse measures, which all Member States should apply against common forms of aggressive tax planning.

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28 Feb 2022
Capital Gains Tax Mitigation and the Structured Installment Sale

Section 1031 has been around for more than a century, but Congress is giving it another look.  Michael Burwick of Greenspoon Marder and Kyle Kadish of Advantage Wealth Solutions consider what this means for owners of appreciated assets, and discuss existing strategies that maximize the ability of taxpayers to defer or eliminate capital gains tax...

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28 Feb 2022
Curbing tax avoidance by multinational companies

How can govts keep MNCs from avoiding taxes 1/6 How can governments keep multinational companies from avoiding taxes by shifting their profits to low-tax countries? For nearly a decade, nations have grappled with that question, seeking to deter companies from legally avoiding tax by resorting to so-called tax havens – typically small countries that entice...

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28 Feb 2022
DGGI cracks down on Cryptocurrency exchanges across country, Rs 70 crore tax evasion detected

After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.

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26 Feb 2022
UN relief chief pledges support for Nigeria

The UN humanitarian affairs chief travelled to the country to see firsthand the humanitarian situation and response in the northeast, and to raise international awareness about the deteriorating humanitarian situation and bring attention to the ongoing regional conflict affecting the Lake Chad basin.

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26 Feb 2022
Indian Royalty Tax Impasse—A Victory at Sea

The India Supreme Court recently issued a decision clarifying what is a “royalty” subject to tax. Rakesh Nangia and Sandeep Jhunjhunwala of Nangia Andersen LLP outline the history of the shifting definition of a royalty prior to the decision and explain the benefits for multinationals.

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26 Feb 2022
How NRIs can use DTAA to avoid double taxation in India

The residential status of an individual plays an important role in determining the way his/her income will be taxed during the year in India.

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26 Feb 2022
IRS Streamlined Foreign Offshore Procedures (SFOP)

Streamlined Foreign Offshore Procedures (SFOP) The Streamlined Foreign Offshore Procedures is the IRS offshore compliance program for non-U.S. residents — such as expats and accidental Americans.

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26 Feb 2022
Streamlined Domestic Offshore Procedure

Eligibility for the Streamlined Domestic Offshore Procedures In addition to having to meet the general eligibility criteria, individual U.S. taxpayers, or estates of individual U.S. taxpayers, seeking to use the Streamlined Domestic Offshore Procedures described in this section must: (1) fail to meet the applicable non-residency requirement described in the “Eligibility for the Streamlined Offshore...

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