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Update: Non-resident can file Form 10F electronically without obtaining PAN in India

Update: Non-resident can file Form 10F electronically without obtaining PAN in India

Public Policy
October 10, 2023 111 0

As you may be aware, the Central Board of Direct Taxes (CBDT) had earlier issued a notification which requires a Non-Resident (NR) taxpayer to file form 10F online along with Tax Residency Certificate (TRC) to claim benefit of Dou...


Update: Summary of decisions taken in 52nd GST Council meeting

Update: Summary of decisions taken in 52nd GST Council meeting

Public Policy
October 10, 2023 53 0 images

The 52nd meeting of the GST Council was held on October 7, 2023. Some of the important updates pursuant to the meeting are as follows: Alignment of provisions of Central Goods and Services Tax Act, 2017 (CGST Act) with the p...


Update: SEZ | Clarification on Instruction 95

Update: SEZ | Clarification on Instruction 95

Public Policy
October 5, 2023 164 0 images

This is in relation to Instruction 95 issued by the SEZ Division of the Ministry of Commerce and Industry in June 2019. The Instruction states that SEZ unit may be permitted to set-up facilities/amenities such as cafeteria, cr...


Feedback on Draft Patent (Amendment) Rules, 2023

Feedback on Draft Patent (Amendment) Rules, 2023

Public Policy
October 4, 2023 84 0 images

Recently, DPIIT released the Draft Patent (Amendment) Rules 2023 (Draft Rules), to promote ease of doing business, like streamlining timeline and to remove unnecessary compliances. Specifically, nasscom’s feedback on Form 27 submi...


Feedback on TRAI CP on Regulatory Mechanism for OTT Communication Services & Selective Banning of OTTs

Feedback on TRAI CP on Regulatory Mechanism for OTT Communication Services & Selective Banning of OTTs

Public Policy
October 3, 2023 91 0 images

Nasscom submitted feedback on the recent Consultation Paper titled “Regulatory Mechanism for Over-The-Top (OTT) Communication Services, and Selective Banning of OTT Services”. The premise of the CP, is the back reference from...


NASSCOM Discussion Paper on "Scaling up digital governance: a legal framework under the Digital India Act"

NASSCOM Discussion Paper on "Scaling up digital governance: a legal framework under the Digital India Act"

Public Policy
September 30, 2023 370 0 images

Nasscom public policy has released a discussion paper on "Scaling up digital governance: a legal framework under the Digital India Act". This paper discusses the merits of a dedicated legal framework for digital government in ...


Notification of amendment to Rule 11UA of Income Tax Rules for valuing investments in startups

Notification of amendment to Rule 11UA of Income Tax Rules for valuing investments in startups

Public Policy
September 28, 2023 68 0

Ministry of Finance (MoF) has issued Notification No. G.S.R 685(E) dated September 25, 2023 (Notification) to amend Rule 11UA of Income Tax Rules, 1962 (IT Rules) which prescribes the methodology for valuation of shares for applic...


Discussion with the industry on the Customs Moratorium on Electronic Transmissions

Discussion with the industry on the Customs Moratorium on Electronic Transmissions

Public Policy
September 27, 2023 104 0

On September 20, 2023, we organised a virtual closed-door discussion with the industry on the World Trade Organisation’s (WTO) Customs Moratorium on Electronic Transmission (the Moratorium), with the objective of understanding ind...


Clarifications by DGFT and MEITY on the import licence for laptops, computers, servers etc.

Clarifications by DGFT and MEITY on the import licence for laptops, computers, servers etc.

Public Policy
September 27, 2023 830 0

On September 25, 2023, nasscom participated in the consultation meeting organised by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry and the Ministry of Electronics and Information Technology (ME...


Nasscom's feedback on the draft National Deep-Tech Start-up Policy

Nasscom's feedback on the draft National Deep-Tech Start-up Policy

Public Policy
September 26, 2023 57 0 images

On September 22, 2023, we submitted our feedback to the Office of the Principal Scientific Advisor to the Government of India, on the draft National Deep-Tech start-up policy (NDSTP).  Our suggestions included the followin...


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