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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 175 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 123 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 1183 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 68 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...


Call for Inputs: Draft Guidelines for Prevention and Regulation of Dark Patterns

Call for Inputs: Draft Guidelines for Prevention and Regulation of Dark Patterns

Public Policy
September 8, 2023 165 0

On September 6, 2023, the Department of Consumer Affairs released Draft Guidelines for Prevention and Regulation of Dark Patterns (draft Guidelines). This is based on the recommednations of the task force, set-up by the Depar...


Nasscom Public Policy Highlights, Vol 4, Issue 9, September 2023

Nasscom Public Policy Highlights, Vol 4, Issue 9, September 2023

Monthly Newsletters Public Policy
September 5, 2023 187 0

Click here if you are unable to view this mailer properly.   ...


Submission on OECD Consultation paper on Pillar One - Amount B

Submission on OECD Consultation paper on Pillar One - Amount B

Public Policy
September 1, 2023 61 0 images

The OECD/G20 Inclusive Framework on Base Erosion and Profit Sharing (BEPS) has been working to develop a consensus-based solution to address tax challenges arising out of digitalisation of the economy. Amount B of Pillar One is in...


Submission to TRAI Consultation Paper on Regulating OTT Communication Services & Banning Selected OTT Services

Submission to TRAI Consultation Paper on Regulating OTT Communication Services & Banning Selected OTT Services

Public Policy
September 1, 2023 144 0 images

On September 1, we submitted our feedback to the Telecom Regulatory Authority of India's Consultation Paper on Regulatory Mechanism for Over-The-Top (OTT) Communication Services, and Selective Banning of OTT Services (available he...


Update: the passage of the Digital Personal Data Protection Act of 2023

Update: the passage of the Digital Personal Data Protection Act of 2023

Public Policy
September 1, 2023 365 0

On August 11, 2023, the Digital Personal Data Protection Act received presidential approval and notified in the Gazette. India now has a dedicated legal regime for personal data protection and has shifted away from the limited fra...


Nasscom's feedback on the use of Special Rupee Vostro Account mechanism

Nasscom's feedback on the use of Special Rupee Vostro Account mechanism

Public Policy
August 31, 2023 60 0

We participated in a meeting of the Working Group set-up by the Central Government to identify the issues in using the Special Rupee Vostro Account (SRVA) mechanism for international transactions. The meeting also discussed recomm...


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