ALOK PATNIA, Author at Advisory, Tax and Regulatory Compliance in India, Singapore and USA

Fees for Technical Services Does Not Include Services Rendered By Machines

News & FAQs | By ALOK PATNIA | Mar 12, 2013

Siemens Limited vs. CIT (ITAT Mumbai) As reported by the ITATONLINE.ORG – The assessee made payment to a laboratory in Germany for ...

Taxes on Royalties/Fees Received by an NRI from India Hiked in Budget

Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 11, 2013

As per the Economic Times of India: In the Union Budget 2013-14, the Finance Minister has hiked taxes on royalty payments to NRI from 10 ...

An overview of Shelf Companies or an aged corporation

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Mar 8, 2013

To begin with an overview of shelf companies or an aged corporation, a Shelf Company or an aged corporation is a company or a corporation...

An Overview of Small Scale Industries

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Mar 7, 2013

The Micro, Small and Medium Enterprises Act, 2006 as defined by RBI is: a)Â Â Â Â Â Enterprises engaged in the manufacture or production...

Budget 2013: Shift Your Money from Long Term to Short Term

News & FAQs | By ALOK PATNIA | Mar 6, 2013

As reported by the Economic Times of India: Debt investors should now make some changes in investment plans after the Budget to maximise ...

Company change of name

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Mar 6, 2013

According to Sec 21 of the Indian Companies Act of 1956, a company change of name can only be done with the consent and approval of the C...

TDS Needs To Be Deducted On Payment to NRI

Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 5, 2013

In case ofÂ NRI (Non-Residents of India), TDS i.e; tax deduction at source is explained as per sec 195 Â which says Â any person respons...

Consequences of Non-Filing of Income Tax Return by NRI

Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 4, 2013

The procedure of filing returns is same as that of a resident Indian. NRI with gross total income exceeding Rs 10 lakh must file the retu...

Compensation for Loss of Referral Work to CA Firm Is A Non-Taxable Capital Receipt

Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 2, 2013

Khanna and Annadhanam vs. CIT (Delhi High Court) As reported by the itatonline.org – The assessee, a firm of Chartered Accountants,...

Budget 2013: Stress More on Women and Childrenâ€™s Welfare

News & FAQs | By ALOK PATNIA | Mar 2, 2013

Union Home Minister P Chidambaram tried to woo Indians with his 8th Union Budget which he presented on Thursday, Feb 28. In budget 2013 m...

Budget 2013: Changes in Service Tax Compare to Budget 2012

News & FAQs | By ALOK PATNIA | Mar 2, 2013

The Budget announced no change in the standard rate of excise duty and service tax, include two services in the negative service-tax list...

Tax Calculators for StartUps, SMEs and New Businesses

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Mar 1, 2013

We are very glad to announce that we have launched automated tax calculators in collaboration with TV18 Group (moneycontrol.com) on 28th ...