customersuccess@taxmantra.com
+91 9230033070 
Toll Free: 
Contact Us
Direct Taxes (including International Taxation)
Profit being low could not be a ground for rejection of books of account
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 31, 2013
Now this is quite weird! If the A.O. rejects the books of account and make the addition on estimate basis mainly for the reason that duri...
Mumbai Tax Tribunal says Karan Johar and SRK companies' deal is fine
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 31, 2013
Many actors, including leading stars such as Shah Rukh Khan, Amitabh Bachchan and Aamir Khan, have set up their own production houses...
Payment to seconded employees is not FTS and there is no need for deducting TDS
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 31, 2013
In a recent case of Additional Director of Income-tax (IT) v. Mark & Spencer Reliance India (P.) Ltd, an assessee entered into an agr...
Surprise Surprise, DTC to be introduced this winter session – Initial provisions disappointing
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 29, 2013
The Direct Taxes Code (DTC) Bill, which seeks to replace the archaic Income Tax Act, is likely to be placed in Parliament during the wint...
Is physical TDS certificate redundant after the applicability of form 26AS?
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 29, 2013
We all know that form 26AS is one wherein all tax related (TDS, TCS, Refund etc..) information in relation to a PAN is published by the g...
What are the methods of determining the research and development costs?
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Oct 29, 2013
What is research and development costs? What are the methods of determining the research and development costs? How are they presented an...
Deduction of taxes on payment made to Non Residents would apply, even if the property is being so...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 28, 2013
Bangalore Tax Tribunal has upheld that the provisions of section 195 which mandates for deduction of taxes on payment made to Non Residen...
Getting PAN Card in India by Foreign Nationals or Non Resident Indian
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 26, 2013
If you are an NRI or foreign national and you have a taxable income in India then buck up and get a PAN card. Getting PAN Card in India b...
Where entries are not bogus in the books of accounts, it is not an undisclosed income
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 26, 2013
There is a section (section 68) in Income Tax Act which says that if there is any sum which is found credited in the books of an assess...
Non deduction of TDS on conveyance allowance by employer
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 24, 2013
We know that as per Section 192 (1) of the Income Tax Act an employer is required to deduct tax at source from salary paid to its employe...
Big companies does not want tax reforms – OECD Suggests
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 23, 2013
Big companies have pushed back against an international drive to crack down on corporate tax avoidance, documents published by the body c...
CBDT Directive Regarding Defective Returns For AY 2013-14
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 23, 2013
The Directorate of Income-tax (Systems) has issued a letter dated 22.10.2013 stating that about 1.46 lakh returns have been submitted for...
Download Ebook
