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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 686 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 275 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 96 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 2663 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 143 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...


The Regulatory Reporting Maturity Model

The Regulatory Reporting Maturity Model

Public Policy
July 5, 2021 417 0

The 2008 global financial crisis led to significant regulatory changes for systemic risk identification and management, enhanced capital adequacy and liquidity requirements, and effective supervisory oversight through the collecti...


Policy Update: SEBI releases revised Framework for Regulatory Sandbox

Policy Update: SEBI releases revised Framework for Regulatory Sandbox

Public Policy
July 3, 2021 103 0

On June 14, 2021, the Securities and Exchange Board of India (SEBI) released an updated version of the Framework for Regulatory Sandbox (RS). The major change in the policy is pertaining to the Eligibility Criteria for the RS. Thi...


NASSCOM Feedback to RRA Advisory Group

NASSCOM Feedback to RRA Advisory Group

Public Policy
July 2, 2021 153 0

Context On April 15, 2021, the Reserve Bank of India (RBI) announced setting up of new Regulations Review Authority (RRA 2.0) for a period of one year from May 1, 2021, to review the Central Banks’ regulations and compliance pr...


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