Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 13, 2011
Its time to file IT Returns for the Financial Year 2010-2011. Due date to file IT Returns for Financial Year 2010-2011 is 31st July, 2011...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 11, 2011
Whenever a person receives salary in arrears or in advance (which may be called as additional salary) he can claim the relief which is ma...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 11, 2011
HRA is a house rent allowance, given by the employer to the employee to meet the cost of renting a house. It is basically a part of the t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 10, 2011
The Committee which has been set up for broad review of National Small Savings Fund (NSSF) submitted its report to the government of Indi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 9, 2011
We all know that the goal of tax planning is to arrange the financial affairs so that one can save their tax burden but before making pla...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 9, 2011
Gratuity is a ‘Salary’ income and any amount you receive as Gratuity is added to your income for that year under the head “Income f...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 8, 2011
Gratuity is a ‘Salary’ income and any amount received as Gratuity is added to income for that year under the head “Income from Sala...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 8, 2011
Home loan doesn’t just provide you the fund needed for buying your house, it also provide income tax benefits for a longer duration. Th...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 8, 2011
Certain incomes are deemed to accrue or arise in India even though they may actually accrue or arise outside India. This is applicable to...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 7, 2011
Any person responsible for paying any income chargeable under the head “Salariesâ€, shall, at the time of payment, deduct income tax o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 6, 2011
Any sum payable by the employer, whether directly or through a fund other than a recognised provident fund or an approved superannuation ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 6, 2011
Income Tax liability is dependent on the residential status of a person. Based on residence, a person can be Resident and Ordinarily Resi...