Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Now, all deductors (including government deductors who deposit TDS in the Central Government Account through book entry) shall issue TDS ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
CIT vs. M/s. The Asian Marketing (Rajasthan High Court) Partnership deed of the assessee provided that the partner’s remuneration / sal...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Deduction can be claimed by an Indian Company or by any person for any sum contributed by it to a political party or an electoral trust i...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 3, 2012
Under the provision of Section 80GGA of the Income Tax Act, 1961 provides deduction in respect of payment to the following – a.   Â...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
A. G. Holdings Pvt. Ltd vs. ITO (Delhi High Court) Assessing Officer issued a notice u/s 148 on 15.3.2011 for AY 2004-05. On 30.8.2011 i....
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Under the provision of Section 80E of the Income Tax Act, 1961 allows deduction to an individual for payment of interest on loan taken by...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Financial year 2011-12 has ended & ITR filing season is approaching, so every Individual who is required to file their income tax ret...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Interest u/s 234B is attracted for non-payment of advance tax or payment of advance tax of an amount less than 90% of assessed tax. So, i...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 2, 2012
Pandal or shamiana refers to a place specially prepared or arranged for organizing an official, social or business function. Here, social...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 1, 2012
CIT vs. The Instalment Supply Ltd (Delhi High Court) The assessee bought 1614 items of computer systems for Rs.40 lacs from HCL Hewlett P...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 1, 2012
Finalization of document requires signing in order to make it a valid document. Similarly, Income tax return is required to be mandatoril...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 1, 2012
Legal Consultancy Services means any service provided or to be provided –        i. To any person, by a business entity in re...