Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 2, 2013
The scope of clubbing the income of minor child has been noticed with the insertion of Section 64(1A) of Income Tax Act, 1961 and Section...
News & FAQs | By ALOK PATNIA | Dec 2, 2013
In a first instance of its kind, India has classified Cyprus as a non cooperative tax jurisdiction, and the move has evoked mixed respons...
GST & Other Indirect Taxes | By ALOK PATNIA | Nov 30, 2013
This blog is for the medical practitioners and hospital/nursing businesses in specifics. This is only an extract of the mega exemption li...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Nov 29, 2013
Starting a business seems to be quite interesting but running it properly and hassle free really requires a lot of hard work, dedication ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 29, 2013
A transaction in which a contract for the purchase/sale of any commodity (including shares) is periodically or ultimately settled otherwi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 28, 2013
Normally Service Tax is payable to the Central Government when a service is offered, while VAT is applicable when a product is sold and p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 28, 2013
The exemption of section 54F is only available to individual and HUF. In a recent case the Delhi Tribunal held that there is no condition...
News & FAQs | By ALOK PATNIA | Nov 27, 2013
In a move towards online automation of payment of service taxes initiative, the central government makes online payment of service tax pa...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 27, 2013
Online Services is commerce transacted electronically. Communication messages are transmitted through electronic medium. The system is ru...
News & FAQs | By ALOK PATNIA | Nov 27, 2013
Service Tax Voluntary Compliance Encouragement Scheme becomes more flexible to cover as many cases as possible , the finance ministry is ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 26, 2013
A royalty is a usage-based payment made by one party to another for the right to ongoing use of an asset, sometimes an intellectual p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 26, 2013
An APA is an agreement between the Central Board of Direct Taxes and any person, which determines, in advance, the arm’s length price o...