Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 30, 2011
The Income Tax Act, 1961 grants exemption of capital gains arising from the transfer of residential house property under section 54. Cond...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 30, 2011
If you have transferred long term Capital asset during the previous year and on the same if you have earned capital gain, usually you hav...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 29, 2011
Interest Payable by an assessee in respect of funds borrowed for the acquisition or construction of a house property and pertaining to a ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 29, 2011
The Indian Income tax has provisions for tax exemptions of compensation received at the time of voluntary retirement or separation is exe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 29, 2011
The Public Provident fund (PPF) still holds as one of the best tax saving and investment plan especially for salaried Individuals. Invest...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 29, 2011
In general, a pension is an arrangement to provide salaried with an income when they are no longer earning a regular income from employme...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 29, 2011
The value of benefit to the employee (or any member of his household) resulting from the provision by the employer of services of a sweep...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 29, 2011
Salaried individuals in addition to their usual monthly take aways, get perks or additional benefits, one of such is provision of gas, el...
News & FAQs | By ALOK PATNIA | Apr 28, 2011
• Income of a mutual fund set up by a public sector bank or public financial institution ; • Income of the notified exchange risk adm...
News & FAQs | By ALOK PATNIA | Apr 28, 2011
• Agricultural income; • Payment received from family income by a member of a Hindu Undivided Family; • Share of profit from a firm...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 28, 2011
The Income Tax Provision casts a responsibility on all individuals to file their return of income/ tax returns, having taxable income exc...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 27, 2011
Now, coming back to more ideas for better structuring of your salary plan, here are few more tips: • An employee should take the benefi...