Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 23, 2011
It has been observed that certain taxpayers are still ignorant of the benefits associated with contribution to pension funds. Contribut...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 23, 2011
Every corporate and those assessees who are required to get their accounts audited are required to file their income tax return by Septem...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 22, 2011
Medical Allowance, Medical Reimbursement and Mediclaim, all these sound similar and there is a common belief that they are just synonyms ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2011
80CCF offers a deduction of Rs.20000 from your taxable income for investments in long term infrastructure bonds. This deduction will be o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2011
An employee is either provided with a rent free residential accommodation by his employer or if he is staying in a rented house, then he ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 21, 2011
As per the Income Tax Act, upon the death of a person, his legal heir shall be liable to pay any dues of the deceased, in the similar man...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 20, 2011
The limited liability partnership is not provided with much relaxation in terms of maintenance of books of accounts, audit compliances or...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 19, 2011
 As Direct Tax Code (DTC) is being proposed to be introduced from next year, taxpayers are more concerned with the provisions relating ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 17, 2011
 Investing in a house through home loan is one of the best tax-planning tools due to the “2 – way†benefits associated with it. I...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 16, 2011
 The revised Schedule VI provides a new format for the preparation and presentation of the financial statement in a more concrete manne...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 16, 2011
The Income Tax rules have brought two major amendments in the provisions related to Tax deducted at Source (TDS) to broaden the scope of ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 14, 2011
The payment of salary to partners in a partnership firm in India cannot exceed the monetary limits specified under the Income Tax Laws an...