Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 26, 2013
If you are an NRI or foreign national and you have a taxable income in India then buck up and get a PAN card. Getting PAN Card in India b...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 26, 2013
There is a section (section 68) in Income Tax Act which says that if there is any sum which is found credited in the books of an assess...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Oct 26, 2013
In a recent ruling, it was held that Share issue expenses is revenue as suggested by CIT Appeals Share issue expenses were considered as ...
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...
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