Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 28, 2015
Penalty shall be levied from date of deposit of TDS instead of due date of filing return for late filing of TDS return Where assessee f...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 24, 2015
Companies with subsidiaries shall prepare Consolidated Financial Statement Section 129 of the Companies Act, 2013 lays down that the fi...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 22, 2015
Beware of tax trap while giving loan to shareholders Deemed dividend covered under section 2(22)(e) plays pivotal role in complicate bu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 21, 2015
No penalty if concealed income voluntary declared before revenue detects If assessee voluntary declares additional income by revis...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 17, 2015
No higher TDS to be paid for non- furnishing of PAN if DTAA applicable If assessee do not furnish PAN of non- resident deductee, if eli...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 16, 2015
Sale of software license to end user customers in India shall be considered as royalty If non- resident company receives consideration fr...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 15, 2015
Forex loss incurred while hedging loss in import/ export business through forward contract is business loss Where assessee enters ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 11, 2015
Charitable institution claiming relief under section 11 shall not be eligible to claim standard deduction of section 24 If charita...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 9, 2015
Section 54B allowed only if consideration invested by the assessee and not by relative Where assessee sold a land and purchased an...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 8, 2015
House constructed on land owned by husband with joint funds be treated as Joint Property If any land belonging to husband and buil...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Sep 7, 2015
Understand the rule of depreciation as per the Companies Act 2013 The Companies Act, 2013 and the amendment in the same always create b...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Aug 24, 2015
Amount paid to acquire commercial rights of marketing was Goodwill and thus depreciable Amount paid to acquire commercial right fo...