Direct Taxes (including International Taxation) | By ALOK PATNIA | May 8, 2012
Case : Can an assessee engaged in letting out of  rooms in a lodging house also treat the income from renting a building to a bank on lo...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 7, 2012
Section 80DDB allows deduction to a resident Individual for the medical treatment of certain specified diseases or ailments. Therefore, t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 7, 2012
Sec 271AAB will not only strengthen the penal provisions with respect to undisclosed income found, it will also motivate the taxpayer to ...
GST & Other Indirect Taxes | By ALOK PATNIA | May 7, 2012
Registration is a process of obtaining certificate of registration from the authorities under VAT Acts. A dealer registered under the VAT...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 7, 2012
The newly-introduced penal provision (Penalty on undisclosed income as per sec 271AAB) has been introduced by our Hon’ble Finance Minis...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 7, 2012
Generally assessee’s are concerned about the fees structure before incorporating or making any changes in any entity. Payment of requis...
News & FAQs | By ALOK PATNIA | May 7, 2012
After weeks of protest by both foreign and Indian investors, FM Pranab Mukherjee on 7th May 2012 announced that the General Anti-Avoidanc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 7, 2012
Health and fitness service refers to any service for physical well- being such as sauna and steam bath, Turkish bath, solarium, spas, r...
GST & Other Indirect Taxes | By ALOK PATNIA | May 7, 2012
Records are required to be maintained by every business entity under various Acts as prescribed. Under Service Tax also records are requi...
News & FAQs | By ALOK PATNIA | May 7, 2012
As per The Economic Times: Organised workers may soon be able to maintain their retirement savings while changing jobs because the Employ...
GST & Other Indirect Taxes | By ALOK PATNIA | May 5, 2012
Input tax – It is the tax paid by the dealer on his local purchases of business inputs, which include raw material, goods that he purch...
News & FAQs | By ALOK PATNIA | May 5, 2012
To attract inflows in view of falling rupee, the Reserve Bank today raised the interest rate ceiling on NRI deposits in foreign currencie...
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