Shaleen Shah

Equalisation Levy is going to create a huge problem for startups

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January 2, 2017
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[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a

No Service Tax on Advertisements

July 30, 2012
[By Shaleen Shah (Partner), VNCA] Selling of space or time slots for advertisements other than advertisements broadcast by radio or television is not taxable service vide Clause (g) of Negative List of Services u/s 66D w.e.f. 1-Jul-2012.  In other words, service tax is payable only on advertisements on radio or
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TDS in respect of software payments now more tedious

July 18, 2012
The CBDT has issued a Notification No. SO 1323 (E), dated 13-06-2012, that no deduction of tax at source shall be made from payment made for acquisition of software if the stipulated conditions are satisfied. I. When benefit of notification would be available – As per the aforesaid Notification, TDS
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CBDT Instruction On Grant Of TDS Credit For AY 2011-12

May 28, 2012
Instruction No. 4/2012 [F. No. 225/34/2011-ITA.II], dated 25-5-2012 The Board has decided to withdraw Instruction no. 01/2012 issued on 2nd February, 2012 on the subject above with immediate effect. The following decisions have been taken in this regard:   (i) In all returns (ITR-1 to ITR-6), where the difference between
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Tackling double taxation of software

May 28, 2012
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Budget 2012-13 possibly provides an opportunity to resolve this longstanding problem through the proposed taxation of services. The indirect taxation of information technology software has been a longstanding matter of debate and dispute. In particular, the challenge of double taxation has been endemic. This article highlights the recent developments in
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Gujarat State Budget 2012 Proposed changes in VAT rates

March 31, 2012
The Gujarat Finance Minister placed the Budget for 2012-13 before the State Assembly on 24-Feb-2012. The Budget proposals included the following changes in VAT Rates:   Particulars Existing rates(%) Incl. Add. Tax Proposed rates(%) Incl. Add. Tax Hinges-butt, tee, lock handle, furniture handle, furniture knob, drawer channel, furniture hinges, rivets,
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Service Tax on `Legal Consultancy Service’

March 6, 2012
[By Shaleen Shah (Partner), VNCA] This article appeared in the Feb-2012 edition of the Sales Tax Journal published by The Gujarat Sales Tax Bar Association After amendments w.e.f. 01-05-2011, even Individual legal consultants are covered in respect to certain services – Legal Consultancy Service is applicable to any person providing
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