Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 1, 2015
CBDT extends due date for filing of return till 31st October for P&H and Gujarat Against all hopes, today CBDT extended due da...
News & FAQs | By ALOK PATNIA | Sep 29, 2015
RBI reduces repo rate by 50 basis points Today Reserve Bank of India (RBI) surprises by lowering the repo rate by 50 basis points....
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 28, 2015
Penalty shall be levied from date of deposit of TDS instead of due date of filing return for late filing of TDS return Where assessee f...
News & FAQs | By ALOK PATNIA | Sep 26, 2015
Some of the major issues for non-payment of taxes and non-filing of Tax returns in India are the confusions and over-lapping information ...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 24, 2015
Companies with subsidiaries shall prepare Consolidated Financial Statement Section 129 of the Companies Act, 2013 lays down that the fi...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 22, 2015
Beware of tax trap while giving loan to shareholders Deemed dividend covered under section 2(22)(e) plays pivotal role in complicate bu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 21, 2015
No penalty if concealed income voluntary declared before revenue detects If assessee voluntary declares additional income by revis...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 18, 2015
Loan from director’s relative: Easy funding for Private Limited Companies The much awaited relief to Private Limited Compani...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 17, 2015
No higher TDS to be paid for non- furnishing of PAN if DTAA applicable If assessee do not furnish PAN of non- resident deductee, if eli...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 16, 2015
Sale of software license to end user customers in India shall be considered as royalty If non- resident company receives consideration fr...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 15, 2015
Forex loss incurred while hedging loss in import/ export business through forward contract is business loss Where assessee enters ...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 11, 2015
The basics of annual tax filing for startups – due dates and more If you are a business owner, September 30 and October 30 are two...