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Direct Taxes (including International Taxation)
As per DIPP, startups required to seek tax exemption from inter-ministerial board
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 21, 2018
Amid concerns being raised by budding entrepreneurs on angel tax, the commerce and industry ministry said Thursday that startups need t...
Do you really need to worry about media reports that “Angel Tax Haunts Startups again”?
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 19, 2018
The start-up community is again buzzing about notices from the Income Tax Department and yesterday there were media reports stating, “Ang...
I-T Department working on pre-filled ITR Forms – Curse to Software Products?
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 18, 2018
Filing of income tax return for assessment year 2018-19 has so far risen 50 per cent since last year and the number corporate taxpayers h...
IT department warns people over refund phishing scam
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 15, 2018
The Income Tax department of India has warned people about a new phishing scam being shared via SMS, which promises a refund for ta...
Shaktikanta Das appointed as the new Governor of RBI in the place vacated by Urjit Patel
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 12, 2018
Shaktikanta Das, a former economic affairs secretary and a current member of the Finance Commission, has been named the new governor of...
New PAN card rules get effective from today – note the major changes
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 5, 2018
To prevent tax evasion and allow more flexibility to taxpayers, the Income Tax department has changed PAN card rules with eff...
Income Tax return filing may get easier with simpler and pre-filled forms
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 5, 2018
Taxpayers may soon get relief from the hassles of filling up income tax (I-T) return forms. Central Board of Direct Taxes (CBDT) Chai...
New direct tax code won’t change income tax slabs, rates
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 3, 2018
The draft direct tax code—is likely to be a strong message about stability and certainty in taxation rather than any structural shift. Th...
Income Tax officials conduct search operation at T-Series Noida Film City office
Direct Taxes (including International Taxation) | By ALOK PATNIA | Dec 1, 2018
Officials of the Income Tax Department today conducted a search operation at the premises of Bhushan Kumar and Krishan Kumar owned T-Se...
Two out of five registered companies inactive in India
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 28, 2018
About seven lakh or two out of five of registered companies in India are inactive, either being closed down, facing liquidation or ...
Income Tax Dept Issues Notice To Bansals, 35 Other Stakeholders
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 23, 2018
Flipkart cofounders, Sachin Bansal and Binny Bansal, after ending the decade-long stint with the company, are now struggling to ma...
Service charge not distributed to staff by restaurants liable to tax
Direct Taxes (including International Taxation) | By ALOK PATNIA | Nov 23, 2018
Service charge collected by hotels and restaurants but not passed on to staff and workers will be liable to income tax in the hands of su...
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