Media Coverage | Felix Advisory, India

Media Coverage


India Digital Tax – Scope expanded...!!

Published on Feb 09, 2021

The Union Budget Speech 2021 has been presented by Hon'ble FM earlier this month wherein like earlier year budget speech, she did not even whisper anything regarding 'equalisation levy' i.e. tax levied on NR e-commerce operators on online sale of goods or provision of services or both, provided or facilitated by the e-commerce operator.


Allowability of Employee Provident Fund … Controversy Settled

Published on Feb 09, 2021

As per Indian Provident Fund Law, both the employer and employee has to contribute their part (12% of salary) to Employee Provident Fund Organization (EPFO) as a social security contribution. Employer deducts the employee share from the salary of employee and it is the responsibility of employer to deposit the entire contribution with Government of India.


Contemplating reorganization of your businesses..?- Analysis of budget proposal restricting depreciation on Goodwill worth deliberation

Published on Feb 09, 2021

The first ever digital budget presented by our honorable Finance Minister, Nirmala Sitharaman on 1st of February, 2021 marked a stepping stone in the revival of ailing Indian economy due to the world-wide pandemic. There were surfeit of amendments brought in to enable the economy to gain back its pace, provide immense opportunities for sustainable development to every sector and also ensure ease of compliance for the taxpayers.

Business Today

Is TDS on Purchase of Goods an Efficacious Replacement for TCS on Sale of Goods?

Published on Feb 05, 2021

India Government in its budget for the last year introduced Tax Collection at Source (TCS) provisions on sale of goods. TCS is payable @ 0.1% on the amount of sales consideration which is greater than INR 50 Lakhs and is received by the Seller on or after 1st October 2020.

Business Today

Expectations of startups, IT and health sectors from Budget 2021

Published on January 31, 2021

Where Budget 2020 was declared as an aspirational budget, Budget 2021 is expected to be an executionary one in view of economy-revival, as required after the worldwide pandemic took place in 2020


Cayman Islands beats Mauritius! FDI into India surges to $2.1 billion

Published on December 4, 2020

Based on cumulative inflows between April 2000 and September 2020, it is the 10th largest contributor with a 2 per cent share in total FDI flows


Venture Catalysts and 9Unicorns Lead $1 Mn Pre-Series Funding Round in Fusion-Beverages Startup, Raskik

Published on November 30, 2020

Raskik is founded by industry veterans with combined industry experience of over 50 years in the leading beverage giant Coca-Cola.


How Virtual CFOs Are Driving New-Age Startup Finance Operations

Published on November 30, 2020

Startups in the early stages can rarely afford full-time CFOs and are increasingly turning to virtual CFOs to meet investor-centric compliance and for efficient financial planning

Business Today

Views: Reforming tax governance in India

Published on November 02, 2020

The new tax platform is expected to reduce the grievances of the common man in every aspect of the tax filing process and it will protect him from the bureaucratic hurdles of the tax department

Business Today

Taxpayers' charter silent on assessee's legal right, implementation

Published on August 13, 2020

The taxpayers' charter not only enlist the tax department's commitment towards taxpayers but also the department's expectations from the taxpayers. While how effective the charter this time around is can be found in details, it will primarily depend on its legal status

Business Today

Confused digital firms breach payment deadline as no clarity on Google Tax

Published on July 23, 2020

India's Google Tax, the recently introduced 2 per cent equalisation levy on all online/digital sale of goods or services by a non-resident to an Indian customer through digital medium, has become a compliance nightmare for companies in absence of any clarity and FAQs from the tax department.


Felix Advisory Welcomes Three New Partners

Published on June 16, 2020

Felix Advisory, a leading management consulting organization, is pleased to announce its expansion with the addition of three new partners.

Defence Capital

Sure-footed Action: PoliceExpo 2020 showcases future homeland security technologies

Published on March 30, 2020

India's state-run ordnance factories and the defence public sector units are a key factor in the growth of the country’s economy and for equipping the armed forces with modern and reliable weapons and systems. A recent review of the performance of some of the key state-run defence industrial units have thrown up interesting facts.

Defence Capital

Caution In Times Of Exuberance Is Mother Of Great Fortune

Published on February 18, 2020

The Private Equity (PE) industry has exihibited nothing short of a spectacular global performance in recent years with high volumes of capital raised, invested and distributed to investors. Investors are increasing allocation to this asset class for its low volatility due to its long-term nature and its tendency to deliver returns through market downswings.


Union Budget 2020: Tax experts not satisfied with govt's clarification on NRI tax

Published on February 4, 2020

Budget 2020 taxes: The government clarification on the new provision related to NRI tax does not seem to clear any doubts of several NRIs and tax experts. Here's a lowdown on what the NRI tax exactly means


Govt ordinance on insolvency code to give breather for realty firms

Published on December 31, 2019

At least 100 allottees needed to move insolvency resolution against realty firms. A single allottee of a real estate project cannot henceforth initiate corporate insolvency of a real estate developer or a realty company.


The Inevitable EV: When are you bringing electric vehicle home

Published on November 13, 2019

Over the last few years, the Electric Vehicle (EV) has witnessed a phenomenal rise in interest from governments as well as investors globally. So much so that Union government has lowered the GST rate on EV from 12 per cent to 5 per cent with the view to promote it and make India a global hub for EV manufacturing.


Acting tough, IBBI moves to rein in undue delays in corporate insolvency resolution

Published on November 12, 2019

Asks insolvency professionals to report status of all ongoing processes by Nov 21. Insolvency regulator IBBI is serious about enforcing a recently enacted legal provision to ensure completion of the corporate insolvency resolution process (CIRP) in a time-bound manner.


Blockchain: How it can become a double-edged sword for government

Published on August 19, 2019

Blockchain technology has the potential to become a double-edged sword for the government as it can ensure100 per cent tax and regulatory compliances and secure citizens from manipulative malpractices of industries


Angel Tax: Govt now plans mechanism to identify genuine investors

Published on March 14, 2019

After the government prescribed the necessary conditions for start-ups to be exempted from Angel Tax, it is now planning to earmark the investors who can invest in these start-ups without triggering the tax.


EduTech startup OnFees eyes expansion, fresh funding

Published on December 02, 2018

After a rapid growth in its home turf of Mumbai and Pune, education technology start-up is looking to expand across multiple cities across the country and has begun approaching venture capital and private equity funds for the next round of funding.


OnFees gives credit for courses not covered by education loans

Published on December 01, 2018

Digital fee payment is helping make education more inclusive by providing credit facilities for fees where there were non earlier. OnFees, a platform that facilitates digital fee collection and integrates with an institution’s existing processes, is facilitating payment in instalments for those submitting fees online


Felix Advisory launches Mumbai office at BKC for servicing clients closer to Mumbai

Published on March 06, 2018

Felix Advisory, a leading global management consulting firm, rapidly growing in financial, tax, transaction, legal and process advisory is pleased to announce the expansion of its team, and the opening of a new office in BKC, Mumbai, to get closer to customers and support its growth in the market.


Budget 2018: Moneycontrol panel says focus should be on salaried class

Published on January 18, 2018

An eminent panel of experts discussed things Finance Minister Arun Jaitley can include in Budget 2018 to boost the middle-class. The panelists included Rahul Parikh, CEO, Bajaj Capital, Rahul Agarwal, Director, Wealth Discovery, Rakesh Nangia. MD and Founder, Nangia & Co and Gaurav Talwar, Partner Felix Advisory


Gearing up to file your income tax returns? Know which ITR form you should use

Published on July 31, 2017

"Income Tax Return (ITR) is a statement of income earned by a person in a financial year. The person (other than Company & Firm) whose total income exceeds the specified threshold limit in a financial year is to file income tax return for that financial year," says Gaurav Talwar, Partner, Felix Advisory


Last day for filing income tax return today; here is all that you need to know

Published on July 31, 2017

Today (July 31) is the deadline for filing your income tax return (ITR). The government has said that it will not extend the deadline. Here are some of the basics facts to remember for all taxpayers who are rushing to meet the deadline.

(Gaurav Talwar is partner at Felix Advisory)


Missed investment declaration deadline? Here's what you can do

Published on January 11, 2017

There is no reason to panic since you have time till March 31 to make the necessary investments for tax saving.

"The employee can make relevant tax-saving investments before March 31 for each relevant year and claim refund of income tax (if any) while filing his income tax return," says Amit Jindal, Partner, Felix Advisory.


Your loan EMIs may come down on demonetisation of Rs 500, Rs 1000 notes

Published on November 10, 2016

The Narendra Modi government’s move to demonetise previous series of Rs 500 and Rs 1000 banknotes could lead to softening of interest rates by banks, thereby lowering your loan EMIs in the future.The huge deposits that are likely to flow into the banking system after customers deposit their old currencies that are no longer legal tender would enable banks to lower interest rates, according to Amit Jindal, Partner, Felix Advisory.


Exclusive: Syska invests in hyperlocal grocery delivery startup Tokri

Published on August 01, 2016

Pune-based hyperlocal delivery startup Tokri has raised a pre-Series A round of funding from Syska LED group, a top company executive told

Felix Advisory acted as the financial advisor for Orange Etokri on this transaction.


LTA, HRA declaration tightened by I-T dept: All you need to know

Published on May 05, 2016

The income tax department has announced changes in reporting format for individuals claiming tax deduction on leave travel allowance, leave travel concessions , house rent allowance and interest paid on home loans.

(Gaurav Talwar is partner – Felix Advisory and Jatin Kumar is Consultant – Felix Advisory.)


Budget 2016: Cars get expensive, roads get better

Published on February 29, 2016

Gaurav Talvar from Felix Advisory explains TCS saying, "Under the current Indian Income Tax Act, how tax collected at source works is that, the seller, at the time of selling the prescribed goods, shall collect from the buyer, additional amount towards the buyer’s advance income tax, as tax collected at source."


Budget 2016: Cars, SUVs, luxury vehicles prices to go up due to new taxes

Published on February 29, 2016

Commenting on the new taxes Gaurav Talwar, Partner, Felix Advisory said: "The budget 2016 has imposted a tax collected at source of 1 % on purchase of luxury cars exceeding value of INR 10 lakhs. Further, an Infrastructure cess of 1% on small petrol, LPG, CNG cars, and 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles and SUVs is proposed. The above measure will have an impact on the price of the cars, and may also impact overall demand."


Time to Raise Income Tax Exemption Limit: Gaurav Talwar

Published on February 24, 2016

Jaitley should increase the base exemption limit to Rs. 3 lakh, Gaurav Talwar says.

(Gaurav Talwar is partner at Felix Advisory)

Business Line

India, Armenia sign protocol to amend tax pact

Published on January 27, 2016

India and Armenia on Wednesday signed a protocol to amend the existing Double Taxation Avoidance Convention between the two countries

Commenting on the Armenia protocol, Amit Jindal, Partner, Felix Advisory, said this move was in line with government’s larger intent of introducing similar clauses (banking information exchange) with all countries to curb money laundering.


Opinion: With More FDI Focus, More Onus On Tax Department

Published on January 25, 2016

There has been a few major tax controversies in recent past in India, which had an impact on the overall FDI into India.

(Amit Jindal is partner at Felix Advisory)

Business Line

Modi announces tax sops, funding support for startups

Published on January 16, 2016

Prime Minister Narendra Modi announced a slew of tax sops and other incentives for encouraging startups in the country such as easier registration and clearances, fast exit options, self-cerification and rebate in patent filing fees.

Consultant Review

Felix Advisory: Offering Premier Tax, Business Restructuring, Audit & Accounting Services

Published on November 02, 2015

He further explains that expenses being a significant factor for most clients who want quality solutions, Felix being niche service provider becomes the most preferred recourse.


Water purification solutions firm Swajal raises $1.2M in Series A round

Published on August 03, 2015

Swajal Water Pvt Ltd, a Gurgaon-based water purification solutions firm, has raised $1.2 million (Rs 7.5 crore) in its Series A round of funding led by Abhishek Gupta.

Emergent Ventures India Pvt Ltd, an advisory firm for sustainability and renewable technologies and Felix Advisory Services, a boutique consultancy firm based out of Gurgaon providing M&A, taxation and investment banking services to small and mid-sized firms, were the advisors on this deal.


Mobile internet firm Ver Se acquires e-commerce recommendation platform

Published on July 16, 2015

Bangalore-based Ver Se Innovation Pvt Ltd, the owner of local language mobile app NewsHunt among other businesses, has acquired Delhi-based Rocket Science Innovations Pvt Ltd, which runs e-commerce price comparison and recommendation platform, for an undisclosed amount.

Felix Advisory acted as the financial advisor to Rocket Science Innovations on this transaction.