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Expansion allowed as revenue expenditure just for claiming deduction
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 21, 2014
Expenditure on expansion of business, treated as revenue expenditure. The assessee gave a dual treatment of expenditure on expansion of b...
Penalty imposed on concealed income cannot be revoked
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 20, 2014
Penalty imposed on concealed income cannot be revoked Words once uttered cannot be taken back. Similarly, income once concealed cannot be...
Exemption under section 54EC can be claimed twice
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 20, 2014
Exemption under section 54EC can be claimed twice Exemption on capital gains. Section 54EC of the Income Tax Act provides an option to sa...
Prohibition on use of specified words in the name of registered entities
News & FAQs | By ALOK PATNIA | Feb 19, 2014
Prohibition on use of specified words in the name of registered entities Putting an end to some confusions with regard to names the use o...
Tax deductions you are not taking
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 18, 2014
Tax deductions you are not taking In this article we would discuss some of the tax deduction that the common man does not know about, how...
A budget from which the common man is virtually unaffected
News & FAQs | By ALOK PATNIA | Feb 18, 2014
A budget from which the common man is virtually unaffected The Honorable Finance Ministry presented the “interim budget†budget for t...
NO tax on Capital gains arising from compulsory acquisition of agricultural land
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 17, 2014
NO tax on Capital gains arising from compulsory acquisition of agricultural land Whether merely because assessee was not residing close t...
Software expenditure is capital expenditure even it has very short life span
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 17, 2014
Software expenditure is capital expenditure even it has very short life span According to a ruling given by the Hyderabad Tax Tribunal on...
Online correction for TDS Statement
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 15, 2014
Online correction for TDS Statement CPC (TDS) has introduced the convenience of online facility of filing corrections to the TDS Statemen...
SEBI proposed to enhance the limit under section 80C to 2 lakhs
News & FAQs | By ALOK PATNIA | Feb 14, 2014
SEBI proposed to enhance the limit under section 80C to 2 lakhs For the mobilization of household savings and the growth of the economy S...
Applicability of TDS on service provided by Non-Residents
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 14, 2014
Applicability of TDS on service provided by Non-Residents Fees for services rendered by non-resident is deemed to accrue or arise in Indi...
Every Startup Needs to file Income Tax Return – A video
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 13, 2014
Every Startup Needs to file Income Tax Return – a video [embedplusvideo height=”400″ width=”600″ editlink=&...
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