News & FAQs | By ALOK PATNIA | Dec 22, 2011
Filling of return within due date u/s 139 (1) is very important especially if any loss has been incurred in the year for which return is ...
News & FAQs | By ALOK PATNIA | Dec 22, 2011
Most of the taxpayer invests in the name of their child and enjoy the deduction in the year of investment but as they are not well conver...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 22, 2011
Medical Allowance, Medical Reimbursement and Mediclaim, all these sound similar and there is a common belief that they are just synonyms ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2011
80CCF offers a deduction of Rs.20000 from your taxable income for investments in long term infrastructure bonds. This deduction will be o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2011
An employee is either provided with a rent free residential accommodation by his employer or if he is staying in a rented house, then he ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2011
As per the Income Tax Act, upon the death of a person, his legal heir shall be liable to pay any dues of the deceased, in the similar man...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 20, 2011
The limited liability partnership is not provided with much relaxation in terms of maintenance of books of accounts, audit compliances or...
News & FAQs | By ALOK PATNIA | Dec 20, 2011
Many of us start looking for optimal investment plan only in February or March, just before the Financial Year is getting over. One must ...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 19, 2011
Change in registered office is considered as a major event as all the communications between the company and the department in the form o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 19, 2011
 As Direct Tax Code (DTC) is being proposed to be introduced from next year, taxpayers are more concerned with the provisions relating ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 17, 2011
 Investing in a house through home loan is one of the best tax-planning tools due to the “2 – way†benefits associated with it. I...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 16, 2011
 The revised Schedule VI provides a new format for the preparation and presentation of the financial statement in a more concrete manne...