Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 9, 2012
Filing of Income tax return is compulsorily required if income during the previous year exceeds the maximum amount which is not chargeabl...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 7, 2012
Every person whose total income for previous year exceeds basic exemption limits are obligated to file income tax return. Other than Comp...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 7, 2012
Individuals and HUFs can now claim deduction on Interest on saving account from 1st April, 2013 u/s 80TTA. Section 80TTA has been newly i...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 7, 2012
Agricultural Income is exempt from tax if it comes within the definition of “ agricultural income †as given in Section 2(1A). Defini...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 7, 2012
Bonus stripping is done in order to avoid tax evasion plans of investors. Â It provides that the loss, if any arising to a person on acco...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 7, 2012
Dividend Stripping refers to transacting in shares or securities linked to shares of a company on which dividend is payable. According to...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 7, 2012
India has comprehensive Double Taxation Avoidance Agreements (DTAA) with 79 countries. This means that there are agreed rates of tax and ...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 6, 2012
Section 12AA provides that where any application has been made on or after 1-6-2007, the provisions of section 11 & 12 is beneficiall...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 6, 2012
  Liability for payment of advance tax. Under section 208, obligation to pay advance tax arises in every case where the advance tax pay...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 6, 2012
1. Concept of “limited liability partnership†LLP is an alternative corporate business form that gives the benefits of limited liabil...
News & FAQs | By ALOK PATNIA | Apr 6, 2012
Every individual, HUFs, Company is mandatorily required to file their Income Tax return to the Income Tax Department for every Financial ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 5, 2012
Tuition fees paid by you can also help you to save taxes. Section 80C provides deduction of tuition fees paid during the year. Investment...