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MoF: Submission requesting for extension of timeline for filing Form 1 relating to Equalisation Levy due to technical issues

MoF: Submission requesting for extension of timeline for filing Form 1 relating to Equalisation Levy due to technical issues

Public Policy
July 26, 2021 42 0

Equalisation Levy (EL) was first introduced in India vide Finance Act (FA) 2016 which requires specified person making payment to non-residents (NR) for online advertisement and related services, to deduct EL at 6% of gross c...


Draft revised policy on Global Authorisation for Intra-Company Transfer (GAICT)

Draft revised policy on Global Authorisation for Intra-Company Transfer (GAICT)

Public Policy
July 23, 2021 201 0 images

In response to NASSCOM’s suggestions to revise the Global Authorization for Intra-Company Transfer (GAICT) policy, the Directorate General of Foreign Trade (DGFT) has published a revised draft of the GAICT policy. Our previou...


NASSCOM Submission on revised draft of Consumer Protection (e-Commerce) Rules

NASSCOM Submission on revised draft of Consumer Protection (e-Commerce) Rules

Public Policy
July 22, 2021 334 0 images

NASSCOM recently submitted response on the proposed amendments to the Consumer Protection (e-Commerce) Rules, 2020 (e-Commerce Rules) to Department of Consumer Affairs. A summary of the proposed amendments can be found h...


MoF: Submission requesting for clarifications under S. 194-O of the Income Tax Act, 1961 relating to deduction of tax at source by e-commerce operator

MoF: Submission requesting for clarifications under S. 194-O of the Income Tax Act, 1961 relating to deduction of tax at source by e-commerce operator

Public Policy
July 22, 2021 679 0

S. 194-O of the Income Tax Act, 1961 (IT Act)  provides for levy of Tax Deduction at Source (TDS) on e-commerce transactions whereby an E-Commerce Operator (ECO) is required to deduct tax @ 1% on the value of goods sold ...


NASSCOM Webinar on SCOMET Category 8 and Intangible Technology Transfers

NASSCOM Webinar on SCOMET Category 8 and Intangible Technology Transfers

Public Policy
July 21, 2021 272 0

    As export control related to ITT is a significant issue both for the industry and the go...


Member Consultation-MoCA releases Draft Drone Rules, 2021

Member Consultation-MoCA releases Draft Drone Rules, 2021

Public Policy
July 19, 2021 48 0

On July 15, 2021, the Ministry of Civil Aviation (MoCA) released Draft Drone Rules, 2021. These rules will supersede the Unmanned Aircraft System Rules, 2021, which came into force on March 12, 2021. According to MoCA, the overhau...


Call for inputs: Framing India’s Negotiation Strategy for India-UK Enhanced Trade Partnership

Call for inputs: Framing India’s Negotiation Strategy for India-UK Enhanced Trade Partnership

Public Policy
July 8, 2021 95 0 images

An Enhanced Trade Partnership Agreement was launched by India and the United Kingdom (UK) on May 4, 2021. This brings a bilateral commitment towards negotiation of a comprehensive Free Trade Agreement (FTA) between India and UK, t...


Submission requesting for deferment of timeline for completing assessments for 3 successive Assessment Years under the Income Tax Act, 1961

Submission requesting for deferment of timeline for completing assessments for 3 successive Assessment Years under the Income Tax Act, 1961

Public Policy
July 8, 2021 2646 0

S.153 of the Income Tax Act, 1961 (IT Act) provides the period within which the assessment has to be completed and the last date for passing assessment order is to be calculated under the said section by reference to period of 12/...


Data Centre Policy : Suggestions to Govt of Haryana

Data Centre Policy : Suggestions to Govt of Haryana

Public Policy
July 6, 2021 126 0

Government of Haryana is in the process of adopting a Data Centre policy for the State. In an interaction with the Government chaired by the Deputy Chief Minister on 16th June, we made the following suggestions. Land&...


Request for Inputs: SEBI Consultation Paper on Superior Voting Rights Shares Framework

Request for Inputs: SEBI Consultation Paper on Superior Voting Rights Shares Framework

Public Policy
July 5, 2021 59 0

Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on review of certain provisions related to Superior Voting Rights Shares (SR Shares) Framework The Consul...


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