News & FAQs | By ALOK PATNIA | Oct 26, 2013
The Income tax department’s TDS (tax deduction at source) section served notice on the Bharatiya Janata Party’s (BJP) state u...
GST & Other Indirect Taxes | By ALOK PATNIA | Oct 25, 2013
There has been quite a buzz about Goods and Service Tax ( GST). What is GST ? Quite simply, GST is a proposed tax reform which will repla...
News & FAQs | By ALOK PATNIA | Oct 24, 2013
Finally, CBDT has accepted to extend the due date for filing returns and tax audit report for the assessment year 2013-14 to 31st October...
News & FAQs | By ALOK PATNIA | Oct 24, 2013
Services provided by canteens not having air-conditioning or central air-heating at any time during the year, are already exempt under En...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 24, 2013
We know that as per Section 192 (1) of the Income Tax Act an employer is required to deduct tax at source from salary paid to its employe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 23, 2013
Big companies have pushed back against an international drive to crack down on corporate tax avoidance, documents published by the body c...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 23, 2013
The Directorate of Income-tax (Systems) has issued a letter dated 22.10.2013 stating that about 1.46 lakh returns have been submitted for...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 23, 2013
Service providers, who are also rendering services outside India always had this doubt, whether they also need to get themselves register...
GST & Other Indirect Taxes | By ALOK PATNIA | Oct 23, 2013
Say, a person in Mumbai is in the business of producing films and has a website on which the films are uploaded. Now, if a person sitting...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 23, 2013
In this article we would discuss Re-opening of Income Tax assessment and Things to keep in Mind, as this has become one of the crucial...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 22, 2013
In this article, for the benefit of our reader’s we have come up with detailed FAQ on procedures of issuance, requirement of Form 1...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 22, 2013
Let us look at an interesting situation:- Well, in the given situation assessee is liable to pay capital gain tax in year in which said j...