Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 4, 2013
The procedure of filing returns is same as that of a resident Indian. NRI with gross total income exceeding Rs 10 lakh must file the retu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 2, 2013
Khanna and Annadhanam vs. CIT (Delhi High Court) As reported by the itatonline.org – The assessee, a firm of Chartered Accountants,...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Mar 1, 2013
We are very glad to announce that we have launched automated tax calculators in collaboration with TV18 Group (moneycontrol.com) on 28th ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 28, 2013
Claim HRA and interest on housing loan even if your office and residential house is in the same city. You may be staying in a rented prop...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 27, 2013
DTAA or Double Taxation Avoidance Agreement is a tax agreement that India has with various countries. In simple language, this means that...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 27, 2013
Revenue means gross inflow of cash, receivable or other consideration arising in the course of ordinary activities of an enterprise such ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 26, 2013
We have been recently receiving a lot of mails asking for help for the Intimation received u/s 245 from the department. Most assesses ar...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 26, 2013
In this article, we have tried to cover those points which are required to be followed by an individual, while becoming an NRI which coul...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 25, 2013
Non-Resident Indian (NRI) is an Indian living outside India. The Term NRI, generally, means a non-resident who is either an Indian Citize...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 22, 2013
Before the introduction of section 80c by the Finance Act 2005, section 88 was there to provide exemption to investors. However, section ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 22, 2013
It is that time of the year when all eyes are on the Finance Minister, curious to see what is going to be announced in Budget 2013 i.e, ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 16, 2013
Non-Resident External (NRE)  – A NRE account for an NRI is a bank account that’s opened by depositing foreign currency at the ti...