Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 23, 2013
Source : PTI Reflecting increased business activities, Nearly 6,600 new companies registered in October, or an average of 219 per day. Â...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2013
Bigg Boss not to withhold tax from sum paid to NR assisting in production of programme Here is a very interesting ruling related to the n...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 20, 2013
Accounting and taxation treatment of the expenses incurred for a mobile application The world now being at the peak of the smart phone er...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 19, 2013
File ITR Rectification online u/s 154 to rectify errors Individuals are of the sight that their liability ends after filing the return wi...
News & FAQs | By ALOK PATNIA | Dec 19, 2013
The General Anti Avoidance Rule (GAAR)- proposed by the then Union Finance Minister Pranab Mukherjee during the annual budget 2012-13- is...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 19, 2013
Generally in Private Limited Company when unsecured loan is received from its share holders/ Promoters no agreement is entered into in mo...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 19, 2013
What to do with expenses incurred by founder on behalf of the company from personal account Incorporating a company is a huge task. Promo...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 19, 2013
Section 271(1)(c), read with section 4, of the Income-tax Act, 1961 – Penalty – For concealment of income [Disallowance of cl...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 18, 2013
Partnership Firm – Definition Section 2(23) of the income tax act defines “ firmsâ€, “partnerships†and “partner†provides t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 18, 2013
If you are paying rent then you should be aware all about TDS on payment of rent as the liability of TDS arise on payer not on the receiv...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 18, 2013
Here is a very interesting judgement by the Hyderabad Tax Tribunal on allowance of depreciation being charged on intangible assets. Any...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 17, 2013
Clarification by CBDT regarding TDS deduction and payment A recent circular issued by CBDT solves a lot of controversy created by some r...