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Aseem Chawla’s Book ‘Finding A Straight Line Between Twists and Turns’ Unveiled

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India’s leading tax lawyer and well known international tax & policy expert, Mr. Aseem Chawla today announced the release of his new book – ‘Finding A Straight Line Between Twists and Turns – An Imperfect, Yet Honest Reflections on the Indian Tax Landscape‘. The book, which has been published by Matrix Publishers, provides in-depth analysis of key recent milestones/landmark events, which have influenced Indian tax landscape, in particular, over the last decade or so. The cross border influences on the tax ecosystem and what it means for policymakers & the judicial response have been deliberated in the book. The book was unveiled by Chief Guest – Mr. Justice S. Ravindra Bhat, Hon’ble Judge, Supreme Court of India, along with the Guest of Honour – Mr. Justice Vipin Sanghi, Hon’ble Judge, Delhi High Court at Silver Oak, India Habitat Centre, New Delhi.

Dr. Lalit Bhasin, Justice S. Ravindra Bhat, Mr. Aseem Chawla and Justice Vipin Sanghi

Through a compendium of articles, the book Finding A Straight Line Between Twists and Turns – An Imperfect, Yet Honest Reflections on the Indian Tax Landscape navigates and traces the current Indian tax situation, how it has adjusted to trends and changing situations both globally and within India, and how the landscape has grown and changed in recent years. It also illustrates the economic impact of the COVID-19 pandemic.

The various aspects of domestic and international taxation as dealt with by the policy and judicial viewpoints have been effectively captured and analysed through several themes in the book. The Tax Administrations response has also been neatly highlighted.

On this occasion, Chief Guest – Mr. Justice S. Ravindra Bhat, Hon’ble Judge, Supreme Court of India said,”This book is a welcome change from the usual manner of writing on tax and diverse fiscal matters. Its merit is its comprehensive look at the tax-scape and easy style which the author has adopted. Aseem Chawla has deftly examined the rapidly evolving structure of taxation, especially in the field of international taxation. With the aid of important rulings of Courts or Tribunals, which he has presented in readable format, the author has explained what is otherwise, a complicated subject. Contemporary topics, such as the GST compensation controversy, impact of COVID-19 commerce, crucially employment and a very important topic, i.e. the UN Mission to eradicate poverty 2030 have all been explained.”

He also added that, “The content of the book will satisfy readers of all segments interested in the field of taxation. I wish the book all success.”

Mr. Aseem Chawla, Dr. Lalit Bhasin, Justice S. Ravindra Bhat and Justice Vipin Sanghi

Author of the book Mr. Aseem Chawla said,”This book is the result of years of analysis of Indias dynamic tax ecosytem. Taxation and tax regulations are often seen as complex subjects, and many steer away and do not evaluate the influences tax rules have on our daily lives. This presented me with a challenge: to simplify the complexities and legal viewpoints surrounding Indian taxation laws in order to pique peoples interest in the field of taxation.”

Praise for the Book – ‘Finding A Straight Line Between Twists and Turns- An Imperfect, Yet Honest Reflections on the Indian Tax Landscape’

Aseem Chawlas Finding A Straight Line Between Twists And Turns is a welcome change from the usual manner of writing on tax and diverse fiscal matters; its merit is its comprehensive look at the tax-scape and easy style which the author has adopted,” said Hon’bleMr. Justice S. Ravindra Bhat, Judge, Supreme Court of India.

This book is a very comprehensive insight into these relevant issues and landmark judgments. Full credit to Aseem that he brings so much to the table for the readers to takeaway and form their own point of view,” said Hon’ble Mr. Justice Vibhu Bakhru, Judge, Delhi High Court.

Aseem Chawla is one of the most clear and insightful tax attorneys that I know. He has a rare talent for stating tax rules in clear and concise English while adding his own flavor of ironic humour. This work describes a variety of international rules and proposals, giving the background, context and reactions to the proposals both with an Indian and international view. This work is likely to be a major contribution to understanding of current international developments,” said Mr. Paul D. Carman, Chapman and Cutler LLP, Chicago, USA.

“In this remarkable volume, the prominent and thought-leading Indian tax lawyer, Aseem Chawla draws on his vast experience in sophisticated cross-border tax matters, as well as a discerning intellect, to share insights and ruminations on a variety of the leading business tax issues confronting Indian tax professionals today,” said Mr. Peter H. Blessing, International Tax Practitioner, Washington, DC, United States of America.

“A fascinating journey through the Indian and international tax systems guided by the author’s unique perspective,” said Mr. Jonathan Schwarz, Temple Tax Chambers, London, United Kingdom.

“A comprehensive analysis of the current international tax issues from an Indian perspective, which can also guide others in finding a straight line on the same matters elsewhere,” said Mr. Leandro M. Passarella, Professor at Masters of Tax Law Program, Universidad Torcuato Di Tella, Bueno Aires, Argentina.

The book will be available on Amazon India on this link www.amazon.in/dp/9381320284ref=myi_title_dp and at Flipkart on this link www.flipkart.com/finding-straight-line-between-twists-turns/p/itm0805faed80adbpid=9789381320280

Profile of Author

Aseem Chawla is one of the leading tax lawyers of India. He has studied, written and lectured extensively on range of taxation issues for over two decades. He was educated at the University of Delhi, and is a Member of the Bar & also a Fellow Chartered Accountant. He is a Certificate Holder of “Comparative Tax Policy and Administration” Program of Harvard Kennedy School & “Vienna Certificate in Double Tax Treaties” from Vienna University of Economics and Business, Austria. He has been consistently adjudged over the years, as one of the leading tax experts by Chambers and Partners, Whos Who Legal, Expert Guides, Asialaw Leading Lawyers, etc. He has been identified among 40 leading Indian lawyers under 45. Aseem was featured in The Week magazines special coverage on young lawyers and has also been bestowed award of Young Achiever lawyer. His name finds mention in ‘100 Legal Luminaries of India‘ published by Lexis Nexis.

For more information, please contact: aseem@aseemchawla.com. The book is published by Matrix Publishers.

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Australian-Indian Joint Venture to Supply Hydrogen Powered Products and Vehicles

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  • H2X partners with Global Automotive components manufacturer ADVIK Hi-Tech Pvt. Ltd. to manufacture fuel cells, generators and vehicles

  • New Joint Venture will build a global supply chain of products and components for hydrogen powered vehicles and powered products

  • The joint operation represents a major entry into the massive Indian market.

Australian Vehicle and Powered Products Manufacturer H2X Global Ltd. and Indian Manufacturing and Development Company ADVIK Hi-Tech Pvt. Ltd. today announced a joint venture for products and components for Hydrogen Vehicles and Powered products for India and for Global Market.

The vehicles and components have been designed and developed by the H2X Global design team and production is scheduled to start immediately to cater for the rapidly growing demand for hydrogen powered equipment and vehicles in India.

H2X is driven by a team with over 20 years of experience in Europe and Asia with the development of Fuel Cell and Hydrogen Vehicles and Power Systems and currently developing several customer delivery programs for Fixed Power Generation and vehicles in Europe, Australia, South East Asia, Africa and South America.

ADVIK is a global leader of Automotive components with a leading position in the Passenger car, Commercial Vehicle and Two-Wheeler production chain as a core supplier of high technology components to almost all major OEMs and over $100 million in annual revenues. ADVIK is a leader in high technology low weight application and together with H2X will take a leading position in the development and production of solutions for Hydrogen Power and Hydrogen Mobility in India.

Launching immediately H2X and ADVIK will begin production of H2X’s Series of Fuel Cell Powered Generators. H2X currently has several of these units in deployment in Australia. The first generators manufactured by the joint venture will be put into service with a large-scale power system providing emission-free power for ADVIK’s state of the art Research and Development Centre located in Pune, India.

“India is destined to be a leader in the Hydrogen Industry with strong support from Government and Industry. As a company which has always been ahead of the curve, we are aggressively pushing into the Hydrogen space as a core growth area for our company and as a leader of this movement in the country,” says Aditya Bhartia, Managing Director for ADVIK Hi-Tech. “We have great confidence in the product range from H2X as being one with several key opportunities to support to the deployment of Hydrogen in the Indian Market and together with our local knowledge and expertise we see great opportunity to develop this for the acceleration of the Indian Clean Energy movement.”

Over the past year, the two companies have been working together to explore opportunities for Hydrogen in the Indian market and as the dawn of the Green Hydrogen Revolution comes upon the country the Joint Venture is launched to position H2X and ADVIK as key players within that.

ADVIK will become a major supplier of products and components to H2X on a global level, using the significant power of the company as a leading supplier in the Automotive Industry. ADVIK will also be launching distribution activity for products from H2X through the Joint Venture, capitalising on the local knowledge and network of the company.

Brendan Norman, CEO of H2X believes that the Indian Market is critical to the long-term success of the Hydrogen Industry and that the partnership with ADVIK will be critical to the growth of the company. “We have long believed India is one of the great manufacturing powers of the world and we have found a great player in the automotive Industry in ADVIK. The cooperation between our companies gives us great strength in being able to address India but also to provide us with a strong Manufacturing Backbone to support our production activities in Australia and other parts of the world as well.”

The first products from the Joint Venture will be delivered to the market within the coming few months, with the power system in Pune being the highlight of the launch of the Venture. In showing this the Venture will stake its claim as one of the leaders in the upcoming hydrogen revolution.

“The opportunity for us to be able to launch a product to the Indian market at this early stage is reflective of the passion we have at ADVIK to lead our country and the world in terms of being active in new technological advancement,” says Aditya of the launch of the Joint Venture. “We strongly believe that through our partnership with H2X we come into a position where we can become a global leader in the Hydrogen revolution and strongly position the growth of Hydrogen in India as a strong pillar of growth into the future.”

About H2X Global

H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialisation in hydrogen is the basis of H2X’s growth, however, with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task.

For more information, please visit: www.h2xglobal.com.

About ADVIK

ADVIK Hi-Tech Private Limited is a leading & Global automotive components manufacturer. We have been catering to the needs of a number of domestic and overseas customers across four continents in the passenger car, commercial vehicle, stationary engine and two-wheelers segment for the past two decades.

We provide products to our customers, keeping in mind their needs and specifications. Our customer base includes leading automotive original equipment manufacturers in India, Europe, the UK, US and ASEAN Region.

For more information, please visit: advik.co.in.

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Benefit from High FD Rates and Deposit Safety with Bajaj Finance FD

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Fixed deposit is one of the most preferred investment tools available in the market as it remains unaffected by fluctuating market trends. Furthermore, it is a reliable option to park ones hard-earned money in to yield higher returns on their deposit.

Benefit from high FD rates and deposit safety with Bajaj Finance FD

Banks, post offices, and non-banking financial institutions (NBFCs) offer fixed deposits in India. Each of these facilitators has its own set of benefits and features. However, investing in fixed income instruments generally yields lower returns than market-linked instruments.

When one aims to invest their money in a safe investment tool such as an FD for long-term capital appreciation, Bajaj Finance is a financier that offers the dual advantage of high FD rates and deposit safety.

Heres why Bajaj Finance online Fixed Deposit is an ideal investment option:

Earn more with high FD interest rates

Return on ones investment, i.e. applicable interest rates, serve as the primary criteria in determining where to invest. The FD interest rates in India rely on the RBI regulations. Change in the repo rate by the RBI affect commercial banks interest rates, but Bajaj Finance, being an NBFC, is not directly impacted by the change. Bajaj Finance Fixed Deposit interest rates remain relatively immune to the changes brought about by the cuts in policy rates.

Bajaj Finance offers one of the highest FD interest rates in India. Below is a table showcasing the interest earnings for different tenors for a citizen aged below 60 investing in a Bajaj Finance FD.

Deposit amount Tenor Interest rate Interest earnings Total earnings
Rs. 3 lakh 36 months 6.80% Rs. 65,456 Rs. 3,65,456
Rs. 3 lakh 48 months 6.80% Rs. 90,307 Rs. 3,90,307
Rs. 3 lakh 60 months 6.80% Rs. 1,16,848 Rs. 4,16,848

Senior citizens get an additional interest rate of up to 0.25% over and above the base rate on their deposits.

Flexible payout options and Loan against FD

Post office and bank FDs generally dont provide the flexibility of getting interest payouts as per the investors choice. With Bajaj Finance, investors can opt for periodic interest payouts as per their liquidity requirements by depositing savings in the non-cumulative FD plan. This plan gives investors the option of choosing between monthly, quarterly, half-yearly or annual interest payouts.

Bajaj Finance also allows investors to apply for a collateral-free loan against their FDs. This facility is valuable during emergencies, like cash requirements for medical expenses. Investors can avail of up to 75% of the FD value.

Easy online investment process

An end-to-end online process adopted by Bajaj Finance online FD enables investors to benefit from an entirely contactless investment procedure. One can quickly fill the online FD form from the comfort of their home.

Bajaj Finance FD has been accredited by the highest safety ratings (FAAA) and (MAAA) by CRISIL and ICRA – Indias leading credit rating agencies. Investors looking to grow their savings can easily invest in a Bajaj Finance online FD without worrying about returns, defaults or untimely interest payouts.

About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of the Bajaj Finserv Group, is one of the most diversified NBFCs in the Indian market, catering to more than 44 million customers across the country. Headquartered in Pune, the companys product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

To know more, please visit: www.bajajfinserv.in.

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Ahuja Residences Opens a 97-room Property, AR Suites Jewels Royale in Koregaon Park Annexe, Pune

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Ahuja Residences have recently announced the opening of AR Suites Jewels Royale – a 97-room upscale apartment hotel, in Koregaon Park Annexe (Mundhwa), Pune. The hotel is strategically located in the heart of the Deccan Queen with a short 8 km ride from Pune airport. Sharing a close proximity with popular places to visit, shop from and see in the city, the property consists of 40 studio rooms and 57 suites, spread across 75,000 sq. ft., offering a luxury experience for locals and foreign globetrotters. With well-appointed, elegant suites and studio apartments designed keeping in mind the new-day requirement and taste-palette, AR Suites Jewel Royale is an epitome of simplicity and comfort for those looking for both short and extended stays.

AR Suites Jewels Royale – Pune – Building

The recently launched property offers a plethora of services including Atrium, an all-day dining restaurant in the premises that serves home style Indian fare with a very popular tandoori selection and a lobby lounge ideal for networking. The rooms are equipped with all the necessary amenities such as a work desk, fully-functional kitchenette, Smart TVs, hi-speed internet, a private and safe balcony, a safety deposit box, coffee/tea making facilities, refrigerators, and kitchenware essentials. The guests can relax and unwind at the well-equipped fitness centre and indoor swimming pool.

AR Suites Jewels Royale – Pune – Room

The entire team is committed to providing discreet but reliable service that is the hallmark of the 40-year lineage and ethics of Ahuja Residences.

Choosing a prime location for the comfort of the guests that is easily accessible from Koregaon Park, Kalyani Nagar, Hadapsar, Phoenix Market City and Business Hubs like World Trade Center, Magarpatta IT Park, and EON IT Park, the property offers easy access to nearby attractions such as the grand Aga Khan Palace, Bund Garden, Osho Garden (now known as the OSHO International Meditation Resort), and Jewel Square Mall and Pune Regional Passport Office situated less than 600 metres away from the hotel.

Jaideep Ahuja, Managing Director and CEO, Ahuja Residences expressed his excitement on the launch saying, “Pune has been a great market for us. After the continued success of AR Suites Fontana Bay in Kalyani Nagar, we are extremely excited to launch AR Suites Jewels Royale, a one-of-its-kind apartment hotel, that we hope will redefine the hospitality landscape in the city. We are very encouraged by the overwhelming initial response the property is getting and are confident that it will only continue to grow in popularity amongst discerning travellers.”

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