Direct Taxes (including International Taxation) | By ALOK PATNIA | May 5, 2012
Tax is something which every business entity is required to pay to Income Tax department in India. Tax laws have been introduced for ever...
News & FAQs | By ALOK PATNIA | May 5, 2012
As per Business Standards: Jewellers may heave a sigh of relief as the government may withdraw the new excise duty proposals on the secto...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 4, 2012
Deduction will be allowed in respect of any capital expenditure incurred and actually paid by an assessee for acquiring any right to oper...
GST & Other Indirect Taxes | By ALOK PATNIA | May 4, 2012
Service tax is required to be filed by every assessee in relation to services rendered by them. With the advancement in technology, nowad...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 4, 2012
Every family has their regular medical expenses. Therefore, to reduce medical bills which is a burden, one should adopt mediclaim policy ...
News & FAQs | By ALOK PATNIA | May 4, 2012
Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate detail...
News & FAQs | By ALOK PATNIA | May 4, 2012
As per The Economic Times of India: It has been decided by government to clamp down on excessively high interest rates and commissions pa...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
M/s. Merilyn Shipping & Transports vs. ACIT (ITAT Visakhapatnam Special Bench) The assessee incurred brokerage expenses and commissio...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 3, 2012
Winding up of any entity signifies that the entity has been brought to an end and no more in a position to discharge its obligations &...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Air Travel Agent means any person engaged in providing any services connected with the booking of passage for travel by air. In this cont...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Now, all deductors (including government deductors who deposit TDS in the Central Government Account through book entry) shall issue TDS ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
CIT vs. M/s. The Asian Marketing (Rajasthan High Court) Partnership deed of the assessee provided that the partner’s remuneration / sal...