GST & Other Indirect Taxes | By ALOK PATNIA | Jun 6, 2012
Packaging activity – It means packaging of goods including pouch filling, bottling, labeling or imprinting of the package, but does not...
News & FAQs | By ALOK PATNIA | Jun 6, 2012
As per The Economic Times: Adidas, the German headquartered sports goods maker, has more problems on its hands than tackling the alleged ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 5, 2012
Section 208 states that an individual are liable to pay Advance Tax on income earned in current financial year on estimation basis if the...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 5, 2012
ITR V stands for ‘Income Tax Return – Verification’ form. It is an acknowledgment for E-filing which is generated after uploading t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 5, 2012
CIT vs. Havells India Ltd (Delhi High Court) As per ITAT.ORG: The assessee, an Indian company, paid Rs. 14.71 lakhs to a US company for â...
News & FAQs | By ALOK PATNIA | Jun 4, 2012
As per The Economic Times: The aviation ministry has called for abolition of service tax on air tickets and reduction in sales tax on avi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 4, 2012
Jagran Prakashan Ltd vs. DCIT (TDS) (Allahabad High Court) As per the ITAT.ORG: The assessee, a publisher of newspapers, gave 10-15% trad...
GST & Other Indirect Taxes | By ALOK PATNIA | Jun 4, 2012
General Insurance Business means fire, marine or miscellaneous insurance business, whether carried on singly or in combination of one o...
News & FAQs | By ALOK PATNIA | Jun 2, 2012
Under the Income Tax Act, divisions have been made in respect of individuals, companies, firms and HUFs. All these different entity have ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2012
Any perquisite in one form of a medical allowance is typically taxable. On the other hand, reimbursement by an employer of medical expens...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2012
CIT vs. Cargil Global Trading Pvt. Ltd (Supreme Court) As Reported by ITAT.ORG: The assessee paid Rs. 3.97 Crores to an associate concern...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2012
Repatriation outside India – It means buying or drawing of foreign exchange from an authorized dealer in India and remitting it outside...