Direct Taxes (including International Taxation) | By ALOK PATNIA | May 16, 2012
Penalty on Undisclosed Income Found during Search Section- 271AAB. This major amendment proposed in the penal provisions under the Direct...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 16, 2012
In Indian Income tax provisions, the rule of exemption & taxability of salary totally lies if the relationship of employer-employee e...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 15, 2012
TDS Certificate – A tax deductor is also required to issue TDS certificate to the deductee within specified timed under section 203 of ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 15, 2012
If the deductor fails to deduct tax at source or fails to pay tax after deduction or made default while filing returns then he would be l...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 15, 2012
TDS or best known Tax Deducted at Source is one of the modes of collecting Income-tax from the assessees in India. It is to be noted that...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 15, 2012
Tax is a wide term which covers many aspects within its ambit. Every assessee, be it a sole proprietor, company, firm or a LLP is require...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 15, 2012
TDS – an ever-ending bridge of irritation is nothing but tax deducted at source i.e. pre-payment of tax to the government. Suppose,...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 14, 2012
Ericsson India Pvt. Ltd vs. DCIT (ITAT Delhi) Payment made by the assessee amounting to Rs. 31.34 crores to its associated enterprise for...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 14, 2012
As per section 391 to 394 of the Companies Act, 1956 there is no proper definition of demerger. Demerger simply means the splitting of th...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 14, 2012
TDS – Tax Deducted at Source TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 14, 2012
If your employer provides you the facility of Club expenses or any other facilities, then the same will be availed as benefits in one han...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 12, 2012
CIT vs. Sahara India Housing Corporation Ltd (Delhi High Court) Gains from sale and purchase of securities/ shares, offered as “capit...