Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 21, 2012
Only if original return is filed within the due date then only one can avail the benefit of re-filing of Income Tax Return (ITR) referred...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 21, 2012
The Incidence of tax is charged on the basis of residential status of an assessee and not by his citizenship. The residential status of...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 21, 2012
Limited Liability Partnership (LLP) is the most convenient mode of business coupled with the features of partnership form and limited com...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 20, 2012
Salaried Individuals working in outstation jobs have to either reside in a rented / owned house or are being provided with accommodation ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 19, 2012
Deduction of maximum Rs. 40,000 can be availed through section 80D. Salaried individual restrict their tax saving investment to section 8...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 18, 2012
Service tax is charged on the value of consideration received, so it may happen at times that payment is received for service to be provi...
News & FAQs | By ALOK PATNIA | Jan 17, 2012
As we are standing in the last quarter of the FY 2011-12, last minute tax planning is the call of the day. Taxpayers under stress during ...
News & FAQs | By ALOK PATNIA | Jan 14, 2012
One should make investments which helps to save tax as well as earn maximum return on the said investment. Investment in Public Provident...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 13, 2012
First directors are the directors who hold office from the date of incorporation of the company. Minimum of 3 and 2 directors are require...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 12, 2012
It is a well known fact that housing loan is considered as one of the best tax saving tools as deduction is available for both the princi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 11, 2012
The taxability and benefit of amount contributed to pension funds or pension scheme is dealt in Section 80CCC and 80CCD. Since both the s...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jan 10, 2012
Increase in authorized capital is considered as a major event as it implies increasing the upper limit of a company to raise capital thro...