Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 26, 2013
A royalty is a usage-based payment made by one party to another for the right to ongoing use of an asset, sometimes an intellectual p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 26, 2013
An APA is an agreement between the Central Board of Direct Taxes and any person, which determines, in advance, the arm’s length price o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 26, 2013
Hyderabad Tribunal held that Transfer pricing officer cannot change or reject the method adopted by the assessee without substantiating r...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 25, 2013
There is a conflict about whether director remuneration whether it is salary income or is it falling under the head of Business or Profes...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 25, 2013
Is Long Term Capital Losses adjustable with short term Capital gain arising on depreciable assets? Well the answer to the above question ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 24, 2013
With tax avoidance becoming an issue globally, countries like India and China fears tax base erosion says white paper on evolving global ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 24, 2013
Source PTI – A worldwide crackdown on illicit funds has left just four jurisdictions – Cyprus, Luxembourg, Seychelles and Bri...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 23, 2013
The expenditure incurred in relation to exempt income are not allowed. The rationale behind  that is to prevent tax payers from settin...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 22, 2013
At the time of sale of any Long Term Capital Asset, the Gains are usually very large and are taxed @ 20%. The resultant Figure to be paid...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 22, 2013
A sole proprietorship is the simplest and most common structure chosen to start a business . It’s an unincorporated business owned and ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 21, 2013
Under the existing provisions of section 209 of the Income Tax Act for computing liability of advance tax, income – tax deductible/ col...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Nov 20, 2013
This article is written especially for startups, wherein they seek investments in their company ( Private Limited). Since, investments in...