Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 19, 2012
“Salary†is the remuneration received by or accruing to an individual, periodically, for service rendered as a result of an express o...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 6, 2012
Under the Companies Act, 1956 maintenance of books of accounts is mandatory for every class of companies. Section 209 of the Companies Ac...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 8, 2012
If an individual transfers any long term capital asset and plans to reinvest the sale proceeds in a new residential house property then h...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 6, 2012
Non-Filing of Form 8 (Statement of Accounts & Solvency) and Form 11 (Annual Return) after the specified due dates attracts additional...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 26, 2012
The entire economy of the world revolves around one universal statement – “Somebody’s income is somebody’s paymentâ€. TDS drives...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 10, 2012
There are different circumstances in which an Assessing Officer and Income Tax Officer shall refer the Valuer Officer in order to ascerta...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Oct 9, 2012
When you might be thrilled to know that your boss will provide you a car for official usage, owing to your commendable efforts behind the...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Sep 13, 2012
A capital gains is the profit you have made on an investment when you sell the asset for more than what you paid for it, net of certain e...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 17, 2012
Again it is that time of the year when all your income for the current financial year is in and you need to file your income tax returns....
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 9, 2012
Time is now; don’t wait for the last date to file Income Tax Return which is approaching near. The month of July is the month for filin...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 2, 2012
Filing Income tax return is a mandatory work to be done by every salaried individual. Every individual have to pay taxes as per the incom...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 27, 2012
non-resident individual in general or a non-resident Indian (NRI) particularly, pays less income tax in India on his income as per the In...