Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 5, 2011
Perquisite is a part of gross salary of an individual provided by his employer in addition to the basic salary. It is the benefit in ad...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 4, 2011
If you are a salaried individual enjoying House Rent Allowances (HRA) from your employer and also own a residential house, then you can h...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 4, 2011
Today Share Trading has gained widespread popularity among the common men as a means of making quick money but still many are not aware w...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 3, 2011
There are lots of facilities which the employees can avail from their employer and not even liable to pay tax on the same. The one of suc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 3, 2011
You can think of a mutual fund as a trust that brings together a group of people and invests their money in stocks, bonds, and other secu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 2, 2011
Any profit or gain arising from the transfer of capital assets is chargeable to tax under the head “Capital Gains†in the year in whi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 1, 2011
Residential status of an individual provides the scope of his taxable income and tax thereon. An individual can be a resident, not ordina...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 1, 2011
When return is filed either manually or online, the return is processed to ascertain whether any arithmetical error or any incorrect clai...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 31, 2011
Updated on 23-01-2014 , An individual is required to file his return of income for any previous year upto 31st July of the assessment ye...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 30, 2011
The Employees’ Provident Fund & Miscellaneous Provisions Act, 1952 takes care of the retirement, medical, housing, financing of...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 29, 2011
An individual shall be liable to pay Advance Income Tax on income of current financial year on estimation basis, during a financial year ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 25, 2011
A pension is an arrangement to provide an individual with an income when he is no longer earning a regular income from employment. It inv...