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Startups and IT SMEs: Understanding Export Control Framework Related to Intangible Technology Transfer

Public Policy
May 30, 2020 1142 0 images

If you are a gadget geek, you may be aware that last year when the Google Pixel 4 and Pixel 4XL phones were launched worldwide, these models were not launched in India. The reason behind restricting the sale of the Google phones (...


Blog

Representation on The Occupational Safety, Health and Working Conditions Code, 2019.

Public Policy
May 29, 2020 569 0

NASSCOM earlier this month made a detailed representation to the Government, highlighting the industry concerns on the proposed labour code on the Occupational Safety, Health and working conditions. Below is a brief summary of som...


Blog

[Update] DGFT Relaxes Procedural Requirements for SCOMET Applications

Public Policy
May 25, 2020 572 0

The Directorate General of Foreign Trade (DGFT) has relaxed some procedural requirements for SCOMET export applications given the challenges which the industry is facing in export compliance due to the SARS-CoV-2 pandemic. The fol...


Blog

CBDT notifies Safe Harbor Rules for AY 2020-21

Public Policy
May 22, 2020 1889 0 images

Central Board of Direct Taxes (CBDT), vide issue of Income Tax (9th Amendment) Rules, 2020  has notified Safe Harbor Rules (SHR) for Assessment Year (AY) 2020-21. As per the notification, rates applicable from AY 2017-18 to 2019-2...


Blog

Submission to Ministry of Finance to consider revision in Advance Pricing Agreements (APAs) and mark-ups under Safe Harbour Rules

Public Policy
May 22, 2020 516 0

As you are aware, spread of Novel Coronavirus (COVID- 19) and the resulting economic slowdown has ripple effects across a range of markets hampering Multinational Enterprises (MNEs)’s operations, upsetting corporate forecasts and ...


Blog

NASSCOM’s Recommendations for Data Centre Policy

Public Policy
May 22, 2020 1784 0 images

Globally, data is being created at an unprecedented pace. Global Datasphere, which is the total amount of data created, stored and replicated is estimated to grow from 33 ZB in 2018, to 175 ZB by 2025.[1] Given this trend, there i...


Blog

Ministry of Finance clarifies that the provisions of section 269SU of the Income-tax Act shall not be applicable to B2B transactions

Public Policy
May 21, 2020 1725 0 images

ContextIn a move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act, 1961, vide the Finance (No.2) Act 2019. This section requires every person carrying on business and having sale...


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Guidelines on preventive measures to contain spread of COVID-19 in workplace settings

Public Policy
May 21, 2020 455 0

The Ministry of Health & Family Welfare has issued Guidelines on preventive measures to contain spread of COVID-19 in workplace settings (link here). The guidelines, apart from detailing the preventive measures, provides clari...


Blog

NASSCOM’s Policy Recommendations: Harnessing the potential of Work from Home

Public Policy
May 21, 2020 8159 0 images

[Image source (here)]NASSCOM has recently submitted its recommendations to the Government of India on enabling Work from Home (WFH) and harnessing its potential. NASSCOM had in the past (i.e. before the advent of the SARS-CoV-2 pa...


Blog

EPFO issues detailed FAQs on Reduction in Statutory rate of EPF contribution from 12% to 10%

Public Policy
May 21, 2020 785 0

Dear Members,This is in furtherance to our earlier update (also available here) on the reduction in statutory contribution rate of EPF as notified by the labour ministry.Post update, many members reached out to NASSCOM, seeking cl...


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