Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Deduction can be claimed by an Indian Company or by any person for any sum contributed by it to a political party or an electoral trust i...
News & FAQs | By ALOK PATNIA | May 3, 2012
CBDT has clarified the fact that Vodafone cannot state that no communication from the Income tax department regarding tax liability was r...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Under the provision of Section 80GGA of the Income Tax Act, 1961 provides deduction in respect of payment to the following – a.   Â...
News & FAQs | By ALOK PATNIA | May 3, 2012
Four months have passed from January 2012 till now since the National Highways Authority of India (NHAI) raised Rs 10,000 crore through a...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
A. G. Holdings Pvt. Ltd vs. ITO (Delhi High Court) Assessing Officer issued a notice u/s 148 on 15.3.2011 for AY 2004-05. On 30.8.2011 i....
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Under the provision of Section 80E of the Income Tax Act, 1961 allows deduction to an individual for payment of interest on loan taken by...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Financial year 2011-12 has ended & ITR filing season is approaching, so every Individual who is required to file their income tax ret...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Interest u/s 234B is attracted for non-payment of advance tax or payment of advance tax of an amount less than 90% of assessed tax. So, i...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Pandal or shamiana refers to a place specially prepared or arranged for organizing an official, social or business function. Here, social...
News & FAQs | By ALOK PATNIA | May 2, 2012
According to Business Standard: Amid concern that amendments in the Income Tax Act proposed in Finance Bill, 2012, would hit foreign inve...
News & FAQs | By ALOK PATNIA | May 2, 2012
The government’s efforts to widen the tax base are not paying off as numbers of new tax payers added over the past three years show...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 1, 2012
As the name ‘winding up’ means putting an end to any business being conducted by an entity. Also, winding up of Limited Liability Par...