News & FAQs

Service Tax if raised to 14 per cent will spike inflation with more services turning expensive

News & FAQs | By ALOK PATNIA | Jul 5, 2014

Service tax could be hiked to 14 per cent in the forthcoming Budget from 12 per cent in order to mobilise more resources to curtail the...

FAQs on Companies Act 2013

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 4, 2014

What is the one thing that has been attracting every eyeball (apart from Narendra Modi and our new Government) these days?? The one and o...

Do not book your place in the defaulter list for non filing of income tax returns

News & FAQs | By ALOK PATNIA | Jul 4, 2014

The Income Tax Department continuing its drive to nab tax evaders, has identified around 28 lacs potential non-filers and have sent notic...

Mobile number and email id must in the income tax return filing form

News & FAQs | By ALOK PATNIA | Jul 3, 2014

Source : PTI Taxpayers filing their I-T returns this year will now have to share their email-id and mobile phone number with the tax depa...

Enhanced Section 80C limit is the most expected change in the upcoming Budget, 2014

News & FAQs | By ALOK PATNIA | Jul 3, 2014

With the increasing expectations of the small taxpayers from the new Government, coming up with the new Union Budget, 2014 and living up ...

Now online wealth tax return mandatory for companies

News & FAQs | By ALOK PATNIA | Jul 2, 2014

The IT department with its virtue of bringing more and more compliances on the online platform,   amended wealth tax rules to make it co...

Extension in due date of filing DPT- 4 for Deposits

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 1, 2014

MCA seems to have decided to flood the market with its series of notifications and clarifications. Some are indeed the most welcome ones....

Now you can get your Provident Fund code online

News & FAQs | By ALOK PATNIA | Jul 1, 2014

One more step taken by the Government to make registration system easy and transparent is the introduction of online Provident Fund allot...

Taxmantra.com is insulated from recent circular of IT dept with regard to email and mobile number...

News & FAQs | By ALOK PATNIA | Jul 1, 2014

The Income Tax Department vide its press release  mandated pre-filling of Mobile Number and Email ID before filing of return of an asses...

No allowance of business loss where expenses incurred prior to setting up of business

News & FAQs | By ALOK PATNIA | Jun 28, 2014

Recently the ITAT Mumbai Bench held that assessee’s claim of allowance of business loss during the period , where state of prepared...

Expectation ICAI have for small taxpayers from Budget 2014

News & FAQs | By ALOK PATNIA | Jun 27, 2014

Union Finance Minister Arun Jaitley is expected to present his budget in the first week of July 2014. Just like industries, the salarie...

No disallowance of interest of loan when assessee had enough interest-free funds to invest in tax...

Recently, Gujarat High Court held that if there were funds available both interest-free and overdraft and/or loans taken, then a presumpt...

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