Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Feb 10, 2012
First auditors of a company are to be appointed at first board meeting held after incorporation of the company. Procedure of appointment:...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 8, 2012
Applicability of the Rule: This rule determines the amount of expenditure which will be allowed as deduction, incurred in relation to inc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 7, 2012
Employee Stock Option Plan are equity based transactions between the owner and its employees, wherein employees are offered stake in the ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 4, 2012
If you are having a handicapped dependent and you are incurring expenses on his/her maintenance or medical treatment then you could save ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 3, 2012
Government has not specified any specific retirement plans and benefits, it’s on our part to take full benefits of the different provis...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 3, 2012
A Non Resident Individual (NRI) is entitled to all the deductions / exemptions that are available to a resident under the head “Capital...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 2, 2012
It is important to note that, other than investments, certain expenses which one incurr for purchase of house property can also help to g...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 2, 2012
Deduction with respect to donations to certain specified funds, charitable institutions, etc is allowable to any taxpayer (individual, co...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 2, 2012
Individuals generally have this conception that when the provisions of getting books audited u /s 44AB are attracted then they are requir...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 1, 2012
We have noted from our experience that taxpayers are mostly confused about the fact when to revise return or when to file rectification. ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Feb 1, 2012
Assessee covered: The patentee should be an individual resident ofIndia(non – residents not covered). Conditions to be fulfilled: Deduc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 31, 2012
Updated as on 24th 2014 Relief under section 89 is allowable to mitigate the extra tax burden that arises due to receipt of any sum, bein...