Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 29, 2012
A company after receiving Certificate of Incorporation from the Registrar is required to commence its business & other operations. Bu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 28, 2012
If an individual receives any portion of his salary in arrears or in advance, or receives profit in lieu of salary, or has received salar...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 26, 2012
ACIT vs. Anchor Health and Beauty Care Pvt Ltd (ITAT Mumbai) As reported by ITAT.ORG: The assessee, engaged in manufacture of tooth paste...
News & FAQs | By ALOK PATNIA | May 26, 2012
Double Taxation Avoidance Convention have been modified by India and the Netherlands in order to facilitate sharing of bank details and t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 25, 2012
A legal concept where two or more co-owners share the legal co-ownership of a property i.e. two or more persons hold title to the same pr...
News & FAQs | By ALOK PATNIA | May 25, 2012
Among the five specified heads of the income, “Income from Other Sources†is the residuary head covering income from Winning from lot...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 25, 2012
Dresser-Rand India Pvt Ltd vs. ACIT (ITAT Mumbai) The assessee entered into a ‘Cost contribution agreement’ with its parent company p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 25, 2012
We the team of Taxmantra from our experience has found that, most of the taxpayers who have transferred their capital gifted assets , rem...
News & FAQs | By ALOK PATNIA | May 24, 2012
The Government on 23rd May 2012 has clearly announced that it is scrapping the West Bengal SEZ Act 2003. As per The Times of India report...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 23, 2012
DCIT vs. Stup Consultants Pvt Ltd (ITAT Mumbai) A company, followed, the mercantile system of accounting in accordance with s. 209(3) of ...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 23, 2012
Every Public limited company having a share capital is required to hold a Statutory Meeting once in every year u/s 165 of the Companies A...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 23, 2012
Every person whose total income for previous year exceeds basic exemption limits are obligated to file their income tax return. Other tha...