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Pay 1% TDS on sale of Immovable Property above 50 Lakhs
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jun 6, 2013
TDS on Sale of Property to Resident According to the Finance Act 2013, Tax is now deductible on Sale of Immovable Property over Rs.50 Lak...
ICAI seeks details on Nokia tax issue from income tax department
News & FAQs | By ALOK PATNIA | Jun 4, 2013
ICAI seeks details on Nokia tax issue from income tax department. Accounting regulator ICAItoday said it has sought details from the dir...
Is it right for the Central Govt to negotiate with Vodafone for tax liability ??
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 30, 2013
Is it right for the Central Govt to negotiate with Vodafone for tax liability ?? We were talking to a very senior tax lawyer from our cou...
Income Tax Return for AY 2013-14 will be different
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 30, 2013
Assessment Year 2013-2014 will be influenced by some very important amendments which have been made in the Income-tax Rules with referenc...
Finance Ministry announces revamp of I-T Department
News & FAQs | By ALOK PATNIA | May 28, 2013
Finance Ministry announces revamp of I-T Department The Cabinet on Thursday approved revamp of the i-t department, paving way for recruit...
Timely Receipts of Tax Refunds
News & FAQs | By ALOK PATNIA | May 25, 2013
Tax refunds – only few of us get on time, while most of us may have to wait for a long time. There could be several reasons for del...
Online Income Tax Return Filing if income above 5 Lakh
News & FAQs | By ALOK PATNIA | May 25, 2013
If you are used to the old-fashioned pen on the paper form of filing annual tax returns, you are going to have a bit of a problem this ye...
Why You Can Get Tax Notice and How To Deal With Such notices
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 23, 2013
Why You Can Get Tax Notice and How To Deal With Such notices. A recent wave of notices being sent by the IT department has created a sens...
File Your Tax Returns Before You Get Tax Notice
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 22, 2013
File your tax returns before you get tax notice. The Income Tax Department, encouraged by the results of letters sent to non-filers of in...
How companies can copy Apple's strategy to avoid taxes
News & FAQs | By ALOK PATNIA | May 22, 2013
The image of the American income tax law is of horrible and immense complexity. But it turns out that in many ways it is not that complic...
Failing to deposit service tax may attract arrest and imprisonment upto seven years
News & FAQs | By ALOK PATNIA | May 20, 2013
Failing to deposit service tax may attract arrest and imprisonment upto seven years . With the passage of Finance Bill 2013 last week...
Strict guidelines issued to end Dept’s TDS credit & refund adjustment harassment by Delhi H...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 14, 2013
As you are aware that dept had uploaded the unverified demand to CPC. The demand may not exist for various reasons such as demand paid. T...
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