Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 13, 2011
No one in this world can assure that in the coming day or in future he will be with his family to take care of each needs of his family m...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 12, 2011
Normally every employee is entitled to certain number of leaves per month/annum. If this leave is not availed then unutilized leave eithe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 11, 2011
Leave Travel Allowance (LTA) is a special allowance that is paid to employees by the employer for taking vacations. (Leave Travel Allowan...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 11, 2011
Legal representative or legal heir means a person who in law represents the estate of the deceased person. Whereas legal heirs are those ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 11, 2011
House Rent Allowances (HRA) is given by the employer to meet the cost of rent paid by you for your home. It is basically a part of the ta...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 11, 2011
Every taxpayer is entitled to reduce his tax liability by taking benefits of various deductions available under the Income Tax Act, 1961....
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 9, 2011
Perquisites are the nature of benefit or concession that employees receives from their employer in addition to the Salary. Some perquisit...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 9, 2011
Perquisites are the non monetary benefits provided by the employer to his employees in addition to their salary. Some of the perquisites ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 8, 2011
80C is one of the most common income tax deductions which help you to save taxes. Section 80C of the Income Tax Act allows certain invest...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 8, 2011
Provident Fund (PF) The Employee Provident Fund, or provident fund as it is normally referred to, is a retirement benefit scheme that is ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 8, 2011
Form 26AS is an Annual Tax Statement which shows details of tax deducted at source (TDS), tax collected at source (TCS) and advance tax/s...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Mar 25, 2011
It was the promises made to the “Common Man†which brought this government to power in the year 2004. Over a period of 7 years, it ca...