customersuccess@taxmantra.com
+91 9230033070 
Toll Free: 
Contact Us
Direct Taxes (including International Taxation)
Cost of Acquisition in case of liquidation, conversion – Taxability
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 19, 2011
Cost of acquisition of an asset is the value for which it was acquired by the assessee. Expenses of capital nature for completing or acqu...
Taxability of Transport Allowances
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 18, 2011
In every individual salary structure certain allowances is there which is given by the employer regularly in addition to salary for the p...
Taxability of amount received before or after joining the employment – Profit in lieu of sa...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 18, 2011
Any amount due to or received, whether in lump sum or otherwise, by an assessee from any person before his joining any employment with th...
Liability to Pay Taxes on Income from House Property
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 18, 2011
Under the Income Tax Act, 1961, the owner of a house property (consisting of any building or land appurtenant thereto) is taxed on the in...
Capital receipts and Revenue receipts – Taxability
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 18, 2011
A receipt is taxable if it is of the nature of income. But receipts which are of capital nature are generally not taxable. The basic sche...
Taxability of non-resident artists or performers in India
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 18, 2011
The taxability of various non-residents artist or performer in India and the facts and circumstances of each event is needed to consider....
Tax treatment of National Saving Certificate and Indira Vikas Patra
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 17, 2011
National Savings Certificates (NSC), Kisan Vikas Patra (KVP) and Indira Vikas Patra (IVP) will also be considered as “capital assetsâ€...
Exemption of Long Term Capital Gains on equity shares and units of equity oriented fund
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 17, 2011
Section 10(38) of the Income Tax Act, 1961 provides that long term capital gains arising from transfer of any equity share of a company o...
Taxability of gratuity received on retirement
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 17, 2011
Mostly Gratuity is received as retirement benefits by the employee for rendering long and unblemished service. Gratuity received is added...
Income of Non-resident taxable in India
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 17, 2011
Residential status has considerable bearing for charging of Income Tax. Based on residence, a person can be Resident and Ordinarily Resid...
Taxability of allowances received by an Individual Taxpayers
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 17, 2011
Any prescribed special allowance or benefit other than perquisites specifically granted to meet expenses wholly, necessarily and exclusiv...
Taxability of technical fees
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 17, 2011
‘Fees for Technical Services’ mean any consideration (including any lump sum consideration) for rendering of any managerial, technica...
Download Ebook
