Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 1, 2011
An allowance is a fixed amount given periodically in addition to the salary for the purpose of meeting some specific requirements connect...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 1, 2011
Fixed Deposit serves as one of the tools of investment planning. It is like a term deposit which allows depositing money for a fixed peri...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 1, 2011
Individuals are required to file their return of income/ income tax returns before 31st July for financial year 2009-10, in case their to...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 28, 2011
As per the Income Tax Act, 1961 (“the Actâ€), Hindu Undivided Family (HUF) is a separate legal entity and has an identity as an artifi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 26, 2011
As per the Employees’ Provident Fund & Miscellaneous Provisions Act,1952 , the employer and employee compulsorily need to cont...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 26, 2011
Leave travel allowances are grant provided by the employer in connection with the journey of employees and his family on leave to any pla...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 26, 2011
If you missed the income tax return filing/ return of income deadline of 31st July 2010 for filing your return of income for financial ye...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2011
Public Provident Fund (PPF) is a long term saving plan which provides financial security as well as tax benefits. It is one of the most s...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2011
Profit in lieu of salary is a part of salary income. It is included in gross salary and taxed accordingly. Profit in lieu of salary inclu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2011
Availing a home loan not only helps them in making their dreams come true but also save their taxes in many ways. Individuals are eligibl...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 24, 2011
Capital gain arising from the transfer of any long term capital asset shall be exempt from tax to the extent such capital gain is investe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 24, 2011
In continuation of –Invest in House Property To Save Taxes on Capital Gains- Part I, request you to please read on for more on this...