Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 28, 2014
Rebate under section 87A – a general overview A new section by Finance bill 2013 has been introduced for Income Tax Deduction of Rs...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 26, 2014
 Payment made by account payee cheque is sufficient for claiming business expenditure Payment made by account payee cheque is sufficient...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2014
Does a minor need to file Tax return? Nowadays many queries are coming to us in respect to whether minor is liable for filing income tax ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2014
No Burden of form 15 cb/ca for transfer of gifts from relatives to NRI As per the latest amendment in the provisions of income tax act, 1...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2014
Wealth Tax is chargeable for every assessment year in respect of net wealth on the corresponding valuation date of every Individual; HUF ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 24, 2014
Delhi High Court says maximum penalty for furnishing incorrect PAN is Rs 10000 The High Court of Delhi on the 18th of February 2014 deter...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 24, 2014
Court prompts the importance of vouchers and documentation for claiming exemption To claim the expenditure of payment to casual labors ma...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 24, 2014
Contributory Pension Scheme, a way to acquire more funding for government employees As per Pension Regulatory and Development Authority ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 22, 2014
Car parking areas cant be sold separately by promoters: SC In a several orders, courts have ruled that a parking space that comes with ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 21, 2014
How to deduct TDS on salaries? The concept of TDS on salaries, creates some pressure on the employers who need to deduct taxes at sourc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 21, 2014
Expenditure on expansion of business, treated as revenue expenditure. The assessee gave a dual treatment of expenditure on expansion of b...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 20, 2014
Penalty imposed on concealed income cannot be revoked Words once uttered cannot be taken back. Similarly, income once concealed cannot be...