Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 28, 2012
Pension is one of the popular retirement benefits provided by the employer for past services. Taxability of pension depends on different ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 28, 2012
Tax deduction is available from taxable profits of 30% of additional wages paid to new regular workmen in either a newly formed undertaki...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 28, 2012
If you are filing Service tax return after the due date then you may be held liable for the late fee upto Rs. 20,000. Every taxable servi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 27, 2012
Vacation and Travelling with family is of great enjoyment and fun and this can be more enjoyed if related travel expenses help to save ta...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 27, 2012
Selection of business entity is made after taking into account factors which includes objectivity of the founder, capital required and av...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 27, 2012
Deduction for any contribution made towards socio – economic welfare either in the form of contribution to scientific research or rural...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 25, 2012
It’s better to open a Bank account in name of company to keep business and personal finances separate. Company incorporation is not the...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 24, 2012
Non Resident Indians (NRIs) are eligible for deductions under Chapter VI A as are available to Resident Individuals. There are certain in...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 24, 2012
Substantial tax saving is possible even if one has taken a loan for higher education. Due to financial constraints most of the persons ar...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 24, 2012
It is advisable that Medical Professionals should account for transactions on cash basis (and not on mercantile basis), and maintaining o...
GST & Other Indirect Taxes | By ALOK PATNIA | Jan 23, 2012
Service providers liable to pay service tax are also liable to file half yearly return. Here are brief explanations of provisions relatin...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 23, 2012
Directors are appointed to manage the affairs of the company, to meet with the company law compliances, income tax compliances and other ...