Direct Taxes (including International Taxation) | By ALOK PATNIA | May 1, 2012
We all are aware of the fact that tax is charged on total income and the Individual income is taxed based on his residential status . Ult...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 1, 2012
According to The Economic Times: The Finance Bill 2012Â proposes that new process of filing tax return is becoming more taxing.One shoul...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 27, 2012
The benefit of interest free loan or loan at concessional rate of interest is given to an employee (or to any member of his household) is...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 27, 2012
Free meals or concessional meals benefit provided by the employer gets taxable in the hands of the employees as perquisites. Perquisites ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 27, 2012
Business Auxiliary Services – It means any service in relation to – Promotion or marketing or sale of goods produces or provided by o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 27, 2012
While filing Income Tax Return , assessees are required to be very careful and alert as they are always in a hurry while filing their ret...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 26, 2012
CIT vs. Black & Veatch Consulting Pvt. Ltd (Bombay High Court) Brought forwarded unabsorbed depreciation & losses of a non-eligib...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 26, 2012
“Commercial or Industrial Construction†states- a)     Construction of new building or civil structure or a part thereto; b) Â...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 26, 2012
Some more FAQs relating to Pre-Construction interest payment on housing loan are discussed here. 1)Â Â Â Â Â What is Pre-Construction Pe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 26, 2012
Continuing our discussion further in relation to our previous related posts on FAQs on House Property. 1)     I am planning to bu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 25, 2012
M/s. Alpha Projects Society P. Ltd vs. DCIT (ITAT Ahmedabad) Payment to contractors for professionals & technical services was made b...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 25, 2012
Tax payment is not the only liability of taxpayers, one need to file their income tax returns timely too. Online return filing leads to q...