Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 4, 2011
Income tax return (ITR) is simply a statement/document, in which a person declares the information about his income and the tax liability...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 4, 2011
As per CBDT circular no. 03/2011 dated May 13, 2011, TDS Certificates in Form No. 16A will be generated from Tax Information Network (TIN...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 3, 2011
Section 80CCC of Income Tax Act, 1961 provides deduction in respect of contributions to certain Pension funds by an individual assessee. ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 3, 2011
Where any tax and interest under sections 234A, 234B and 234C is payable by the assessee on the basis of the return of income required to...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 3, 2011
Every person shall quote his “Permanent Account Number†(Section 139A) in all documents pertaining to the transactions specified belo...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 2, 2011
There is a plethora of tax-saving products that come with varied duration, interest rates and taxability. Thus, a person can reduce his t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 2, 2011
Provident Fund provides a compulsory contribution for the future of an employee after his retirement or for his dependents in case of his...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2011
The due date for filing of tax return for FY 2010-11 (March 2011) is fast approaching. Â The first thing which comes to mind, when thinks...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2011
A new section 94(8) has been inserted with effect from assessment year 2005-06 to curb the practice of creation of losses via bonus strip...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2011
Dividend Stripping is a process by which a investor gets tax free dividend by investing in securities (including units), shortly before t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 1, 2011
Government of India in the year 2004 announced a New Pension Scheme. Â Section 80CCD was brought in to provide that where an individual e...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 31, 2011
An employee stock option plan (ESOP) is a way in which employees of a company can own a share of the company they work for. There are dif...