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Budget 2014 Live: What does FM say?
News & FAQs | By ALOK PATNIA | Jul 10, 2014
It is time for Team Narendra Modi to walk the talk. The Budget 2014 has so far met with extreme reactions, been criticized to be “m...
Exemption U/S 54 will not be denied merely because sale deed could not be executed within prescri...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 9, 2014
Recently Supreme Court of India , in Sanjeev Lal vs.Commissioner of Income-tax, Chandigarh stated that exemption U/SÂ 54 would not be den...
This budget will show the intention of the government for simplification of Tax laws
News & FAQs | By ALOK PATNIA | Jul 9, 2014
There are reports that the government is of the view that the ambitious Direct Taxes Code, which proposed overhaul of the six-decade old ...
MCA clarifies on shares held in Fiduciary Capacity
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 8, 2014
These are what that seem to be the sunny days for companies. The department has issued yet another circular vide General Circular No. 24/...
Budget may miss taxes changes but certainly would be bold says reuters survey
News & FAQs | By ALOK PATNIA | Jul 8, 2014
Government will probably unveil bold reforms in its budget on Thursday in a bid to turn around an economy growing at decade lows, but...
Deduction allowable under specific section cannot be withdrawn unless other overriding provision ...
News & FAQs | By ALOK PATNIA | Jul 7, 2014
Recently, ITAT Mumbai Bench stated that where, once deduction is allowable under specific section, which is on an altogether different fo...
Govt proposes 49% FDI in insurance, caps voting rights
News & FAQs | By ALOK PATNIA | Jul 7, 2014
Source : PTI The government plans to increase foreign direct investment (FDI) in the insurance sector to 49 per cent with a rider that vo...
IT dept is sending emails for updation of contact details for income tax return filing
News & FAQs | By ALOK PATNIA | Jul 7, 2014
IT dept is sending emails for updation of contact details for income tax return filing  to  those users who have registered Email addr...
Linkedin Profile now acceptable as additional evidence by the Department
News & FAQs | By ALOK PATNIA | Jul 6, 2014
Recently, the ITAT Delhi Bench , in the case GE Energy Parts Inc. Vs. Addl. Director of Income-tax (ITAT Delhi), ITA No. 671/Del/2011...
Transfer pricing norms on capital transactions may be eased to motivate investments
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 6, 2014
Source : PTI Transfer pricing norms on capital transactions may be eased to motivate investments, the Finance Ministry is likely to intro...
Salaried Individuals want these 5 grandfathered exemption to be relooked
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 6, 2014
Come 10th July 2014, and we will have new budget from new government, but whether it would same things in new bottle ? India needs bold s...
Recent changes in income tax return filing form relating to TDS
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 5, 2014
In this article, we would focus on the recent changes in income tax return filing form relating to TDS Â . ITR forms of earlier A.Y. did ...
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