Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 18, 2012
Perquisites are the nature of benefit or concession that employees receive from their employer in addition to the Salary. Some perquisi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 18, 2012
The Income Tax Department has provided various Income Tax Forms for the assessees in order to file their return forms beneficially. The f...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 18, 2012
The Government filed an appeal to challenge the judgement of the High Court. There was a delay of 427 days in filing the appeal which was...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 17, 2012
Perquisite is a part of gross salary of an individual provided by his employer in addition to the basic salary. It is the benefit ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 17, 2012
Online filing of return is compulsory required by certain assessees. Â Online return filing can be done with or without digital signature...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 17, 2012
The assessee filed a ROI offering Rs. 4.68 lakhs which was assessed. Subsequently, the AO issued a s. 148 notice claiming that cash credi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 16, 2012
Clubbing of income means Income of other person included in assessee’s total income.    Generally an assessee is taxed in respect ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 16, 2012
All the Individuals are accountable to Income Tax Department as they are required to file their Income tax returns. The proper way to sel...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 16, 2012
Leave travel allowances are grants provided by the employer in connection with the journey of employees and his family on leave to any pl...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 16, 2012
Now, Individuals & HUFs are required to file their returns online if the total income is above Rs. 10 lakhs. Earlier, the e-filing wa...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 16, 2012
Pursuant to search & seizure action u/s 132 on the premises of Mr. Shriram Soni, certain documents belonging to the assessee were fou...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 14, 2012
The Income Tax Department has provided us the facility to view tax credit statement (i.e. details of all the tax credited) online known...