Direct Taxes (including International Taxation) | By ALOK PATNIA | Aug 2, 2014
Salman Khan has won a tribunal relief from the Income Tax Appellate Tribunal on a penalty of Rs.14 Lakh which he claimed as deduction f...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 27, 2014
Recently, High Court of Delhi in Yama Finance Ltd.vs Assistant Commissioner of Income Tax held that investment in mutual fund cannot be c...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 21, 2014
Okay we all know that capital gain exemption is available if the amount is reinvested in a house property subject to certain conditions. ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 19, 2014
Countries enters into Double Tax Avoidance Agreement (DTAA)  so that same income is not taxed twice in both countries.  Tax rates prov...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 18, 2014
In this era of rapid globalization, the multinational companies (MNCs) are increasingly outsourcing ‘non-integral’ and ‘non-revenue...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 16, 2014
Hon’ble Odisha High Court has granted stay on the recovery of Late fee charged Under Section 234E of the Income Tax Act,1961. In Se...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 15, 2014
The existing provisions of section 92CC allows the IT Department to enter into an advance pricing agreement, with the approval of the Cen...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 10, 2014
The Budget 2014 was long awaited with an expectation to give greater benefits to taxpayers. With the Budget going live today the Finance ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 9, 2014
Recently Supreme Court of India , in Sanjeev Lal vs.Commissioner of Income-tax, Chandigarh stated that exemption U/SÂ 54 would not be den...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 6, 2014
Source : PTI Transfer pricing norms on capital transactions may be eased to motivate investments, the Finance Ministry is likely to intro...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 6, 2014
Come 10th July 2014, and we will have new budget from new government, but whether it would same things in new bottle ? India needs bold s...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 5, 2014
In this article, we would focus on the recent changes in income tax return filing form relating to TDS Â . ITR forms of earlier A.Y. did ...