News & FAQs

With uncertain tax regime (MAT), FIIs starts flying outside India

News & FAQs | By ALOK PATNIA | Apr 28, 2015

A recent tax notices demanding tax at 20 per cent on interest income from Foreign Institutional investors (FIIs), as opposed to 5 per cen...

CBDT mandates disclosure of all Bank Accounts in Income Tax Return forms but puts the forms on hold

News & FAQs | By ALOK PATNIA | Apr 20, 2015

CBDT has come with a New Notification regarding disclosure of all Bank Account details .It has a vide Notifications No.41/2015 on 15/04/2...

Application of PAN in Form INC-7 for companies intending to incorporate

News & FAQs | By ALOK PATNIA | Apr 14, 2015

Central Board of Direct Taxes in the Official Gazette issued a notification regarding application of PAN in Form INC-7 for companies inte...

CARO 2015 Audit Report

News & FAQs | By ALOK PATNIA | Apr 11, 2015

The MCA has issued Companies (Auditor’s Report) Order, 2015 vide order dated 10.04.2015. It shall come into force on the date of its publ...

Rollover of Fixed Maturity Plans (FMPs) in same scheme shall not attract Capital Gain

News & FAQs | By ALOK PATNIA | Apr 10, 2015

As per the Income Tax Act, assets in the nature of shares, listed securities, units of mutual funds and zero coupon bonds qualified as lo...

Yuvraj Singh to play a new innings: YouWeCan Ventures

News & FAQs | By ALOK PATNIA | Apr 7, 2015

If you are a startup then you must be in search of funds. Funds are the basic but also a dreadful problem which lead to shut down. For su...

E- Commerce: Full of mysteries

News & FAQs | By ALOK PATNIA | Apr 1, 2015

Shopping…. After listening to this word.. what comes first to your mind?? Going to crowded malls… chasing your products… hunting in many ...

Clarification on income deemed to accrue or arise in India

News & FAQs | By ALOK PATNIA | Mar 28, 2015

Section 9 of Income Tax Act, 1961 deals with income deemed to accrue or arise in India. However, many explanations have been provided reg...

Hopes raised for e- filing of returns to go paperless

News & FAQs | By ALOK PATNIA | Mar 26, 2015

Must be Busy in filing returns.. just few days left. However, remember just filing will not be enough to make the return valid. Submittin...

Why and Who need to file tax returns before 31st march 2015?

News & FAQs | By ALOK PATNIA | Mar 19, 2015

Its March ending and everyone is busy in the process of closing their books of accounts. Many things must be running in your mind like ha...

Will the rate cut benefit ever be passed on to common people?

News & FAQs | By ALOK PATNIA | Mar 17, 2015

Good news in this year was two rounds of rate cuts by Central Bank. Whereas, the bad news is that inspite of rate cut there is no reducti...

Form CRA 2 and GNL 4: Additional compliances for company appointing cost auditor and submission o...

News & FAQs | By ALOK PATNIA | Mar 13, 2015

Form CRA-2- Form of Intimation of appointment of cost auditor by the company to Central Government Pursuant to section 148(3) of Companie...

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