Shefali Anand

Mumbai

Contributor at The Wall Street Journal

Writer and Editor at Freelance

Journalist.

Articles

India's Record Number of Advance Tax Deals Seen Spurring Demand

1 week ago | news.bloombergtax.com | Shefali Anand

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
India Signs Record Number of Advance Tax Pacts With Companies

3 weeks ago | news.bloombergtax.com | Shefali Anand

India’s tax department entered into a record number of advance tax agreements with companies on their transfer pricing positions in the fiscal year ended March 31. The Central Board of Direct Taxes signed 174 advance pricing agreements in 2024-2025, the highest number signed in a single financial year since the program was launched, according to a press release the CBDT issued Monday. India signed 125 APAs in fiscal year 2023-24 and 95 in fiscal year 2022-23.
India's Plans to End Digital Tax Seen as Benefit to Local Firms

4 weeks ago | news.bloombergtax.com | Shefali Anand

India’s plan to withdraw its tax on digital services is a welcome step for global technology companies like Google’s parent Alphabet and Meta Platforms, as well as for Indian companies and startups using these services who were ultimately bearing the costs, according to tax advisers. India finance minister Nirmala Sitharaman proposed March 25 to remove its 6% equalization levy in an amendment to the 2025 finance bill presented in Parliament.
Elevar Equity says low-income customers are more profitable - and has the data to prove it

1 month ago | impactalpha.com | Shefali Anand

Companies serving low-income households have been leveraging data tools to prove that their customers are reliable, bankable, and yes, worth investing in. A new index of publicly-listed companies in India is proving that this consumer segment is profitable. The Entrepreneurial Households India index, or EHI, has gained 16.4% annually since January 2017, against 13.6% for the Nifty 50 benchmark of India’s largest companies.
India's New Tax Code Lacks Substantive Changes, Tax Pros Say

1 month ago | news.bloombergtax.com | Shefali Anand

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
India Transfer Pricing Changes Come With Questions, Risks

2 months ago | news.bloombergtax.com | Caleb Harshberger |Shefali Anand

Proposed reforms to India’s transfer pricing rules would be welcome change for companies undergoing aggressive tax examinations, but could expose them to more disputes with tax authorities, according to practitioners. While companies would get some relief by choosing the proposal for government audits of their tax positions covering three years, rather than just one year at a time, they might also be subject to more challenges from tax authorities, tax professionals said.
India Assessing Global Tax Deal Stance Following US Rejection

2 months ago | news.bloombergtax.com | Shefali Anand

India is evaluating its stance on the global tax deal now that the US effectively pulled out of it, a senior Indian official said Tuesday. “The US exit has added a whole lot of uncertainty,” said Tuhin Kanta Pandey, India’s finance secretary. Pandey spoke during a conference organized by the Associated Chambers of Commerce & Industry of India, or Assocham. “We have to now evaluate because it doesn’t work if the US is not into it,” Pandey said.
India Proposes Easing Tax Rules for Multinationals in New Budget

2 months ago | news.bloombergtax.com | Shefali Anand

India’s Finance Minister Nirmala Sitharaman outlined plans to streamline tax laws governing transactions among multinational groups in a prepared budget speech delivered Saturday. Sitharaman was addressing a major demand for multinationals doing business in India—to simplify transfer pricing, which refers to how transactions are valued between related entities of a multinational group.
Investors in India chase EVs and other opportunities 'on the ground,' as smog clouds the air

2 months ago | impactalpha.com | Shefali Anand

By this time of year, the toxic air quality in India’s northern cities is supposed to drop from winter’s “hazardous” levels to merely “very unhealthy”. But the air quality index across Delhi remains hazardous. “We are at a crisis level,” said Nipun Sahni of private equity giant Apollo Global Management at a climate finance forum in the city last month.
Businesses Seek Tax Relief Through India's New Budget

2 months ago | news.bloombergtax.com | Shefali Anand

Multinationals and business groups want India to provide tax relief in the upcoming budget and promote policies that reduce the risks of disputes and litigation. One of their key demands is to get relief from a recent judgment that unsettled a long-held practice on tax treaties. The decision could reopen past cases on the issue, they said.