Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 22, 2014
Car parking areas cant be sold separately by promoters: SC In a several orders, courts have ruled that a parking space that comes with ...
News & FAQs | By ALOK PATNIA | Feb 22, 2014
Tax department pursues non filers of IT Return vigorously The Income Tax Department had initiated a business intelligence project in Febr...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 21, 2014
How to deduct TDS on salaries? The concept of TDS on salaries, creates some pressure on the employers who need to deduct taxes at sourc...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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