News & FAQs

Should all your taxes be paid by 15th March?

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

We are in the middle of the month of March wherin we are surrounded by thoughts of payment of advance tax and due date for payment of adv...

What happens when all directors of a company resign altogether

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Mar 7, 2015

What happens when all directors of a company resign altogether? Imagine a super hit show. Prime time slot…top actors…award winning direct...

Tax Things to do before 31st March 2015

News & FAQs | By ALOK PATNIA | Mar 4, 2015

As now we have entered the month of March, the pressure has risen to a level to finalize/ close the books of accounts. We need to close o...

Hope rises with cut in Repo rate

News & FAQs | By ALOK PATNIA | Mar 4, 2015

In a surprise move, the Reserve Bank of India (RBI) cut the repo rate by 0.25 basis points to 7.5% on Wednesday morning with immediate ef...

Budget provides Royalty and Technical Services at a lower rate

News & FAQs | By ALOK PATNIA | Mar 3, 2015

Good news for Indian Companies: this Budget provides royalty and technical services at a lower rate.   The provision of Sec. 115A: Specif...

What contribution the budget has made for Make in India

News & FAQs | By ALOK PATNIA | Mar 2, 2015

Make in India, an initiative of the Government of India, to encourage companies to invest in the manufacturing sector in India. The major...

What amendments are incorporated in Service Tax in Budget 2015

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

Jaitley announced various amendments in Service Tax. To know what amendments are incorporated in Service Tax in Budget 2015 read: Change ...

Mark the amendments of budget 2015 regarding Excise Duty

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

The Finance Minister highlighted the role of indirect tax in the context of promotion of domestic manufacturing and Make in India. Thus, ...

Key Highlights of Budget 2015

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

The highlights of budget 2015 presented by the Finance Minister are as understated: BUDGET ESTIMATES Non-Plan expenditure estimates for t...

What is there in Budget 2015 for you and me – the middleclass?

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

Tax proposals in Budget 2015-16 for the common middle class tax payers benefit them in various ways. Budget 2015 which was expected to us...

No Wealth Tax in India- Finance Budget 2015

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

The Finance Minister Arun Jaitely, for simplifying the tax regime has proposed to abolish the concept of Wealth Tax from India. In his sp...

LIBOR plus 200 basis points appropriate method for arms length price for interest on loan

In the Bhansali & Co. vs. Assistant Commissioner of Income-tax, it was held that Interest charged as LIBOR plus 200 basis points on f...

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