Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 23, 2012
Where an Indian Company or non- corporate resident assessee incurs any expenses at the time of commencement of business or on extension o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 23, 2012
“Information technology softwareâ€means any representation of instruction, data, sound or image, including source code and object code...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 21, 2012
ACG Associated Capsules Pvt. Ltd vs. CIT (Supreme Court)Â The AO & CIT (A) computed s. 80HHC deduction by deducting 90% of the gross...
News & FAQs | By ALOK PATNIA | Apr 21, 2012
Government may dilute some provisions of the proposed General Anti-Avoidance Rule (GAAR) to relieve investors who are anxious about the p...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 21, 2012
To ‘convert’ in the context of conversion of a private limited company into a LLP means “a transfer of the property, ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 21, 2012
Income tax return is required to be filed by Firms, AOPs and companies too. Income Tax Department has notified separate Income Tax Retu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 21, 2012
The taxable value of the perquisite will be calculated in case of provision of concessional / free educational facilities for any member ...
News & FAQs | By ALOK PATNIA | Apr 21, 2012
On Thursday India offered reassuring clarifications on new tax laws that have caused high fit of anger and irritation in US trade circles...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 20, 2012
The term services includes a declared services, it becomes essential to understand the meaning and philosophy of the term declared servic...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 20, 2012
Tulip Hotels Pvt. Ltd vs. DCIT (ITAT Mumbai Special Bench) The Tribunal had to consider whether certain amounts could be assessed as cash...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 20, 2012
Taxpayers scramble to file income tax return only when the due date approaches which leads to incorrect claims, filing return etc. Financ...
News & FAQs | By ALOK PATNIA | Apr 20, 2012
Income Tax officials of Guwahati started conducting raid operations across the state on 18th April 2012. According to the Times of India ...