Direct Taxes (including International Taxation) | By ALOK PATNIA | Aug 10, 2011
Speculative transactions are transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 19, 2011
There is wide confusion over the 5 Lac exemption, and the Govt has done all it could, to create more confusion. You are not required file...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 16, 2011
Our experience says that the common taxpayers are very confused about the taxability of income from futures & options or treatment of...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 13, 2011
All the individuals and business entities, other than those who are not liable to get their accounts audited are required to submit their...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 11, 2011
Under Income Tax Act, 1961, contribution by employer and employee to the provident fund account enjoys certain tax benefits and some are ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 9, 2011
We at Taxmantra.com always strive to provide cutting edge service in the field of taxation and finance to our users. We innovative, put o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 8, 2011
We note in various cases, that taxes are being deducted even when respective tax payer’s income falls below the taxable limit. The Prov...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 7, 2011
Section 80CCC and 80CCD of the Income Tax Act, 1961, drives the provisions of pension schemes in India. We have tried to put a summarised...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 4, 2011
Salaried Individuals and other non-audit tax payers are required to file tax returns compulsorily before 31st July of the Assessment Year...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 2, 2011
Isn’t it very silly that we take off from our office to just visit local consultants to file tax returns? We delay filing of our tax re...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 1, 2011
Every employee along with normal salary looks for the additional benefits from the employer and this non monetary additional benefit prov...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 1, 2011
The provision of section 80C of the Income Tax provides for opportunity of claming additional deduction of Rs. 100,000 to the individual ...