News & FAQs

IT Department needs to extend due date of e-filing of Tax Returns in cases where tax audit is req...

News & FAQs | By ALOK PATNIA | Aug 21, 2014

Due date of e-filing of tax audit report under section 44AB extended to 30-11-2014 from 30-09-2014 In a positive move the governing body ...

Startups get another chance to stay in compliance as MCA waives penalty

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Aug 13, 2014

What sounds sweeter than a huge cut in the penalty?? Nothing?? Wait…how about immunity from disqualification?? How about both at the sa...

Completion of Statutory Audit after the due date of Return will impose no penalty for filing tax ...

News & FAQs | By ALOK PATNIA | Jul 29, 2014

Recently, the ITAT Delhi Bench in SPA Lifestyle (P.) Ltd. vs.Assistant Commissioner of Income-tax, Circle 9(1), New Delhi held that merel...

MCA clarifies on transitional period resolutions

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

What is the validity of resolutions passed under Companies Act, 1956 post implementation of the provisions of the Companies Act, 2013? As...

A Foreign Company entering into contract with Indian clients for providing deal matching system s...

News & FAQs | By ALOK PATNIA | Jul 26, 2014

Recently, the ITAT Mumbai Bench in Reuters Transaction Services Ltd. Vs. Deputy Director of Income-tax (International Taxation ) stated t...

FM gives Debt Mutual Fund relief says no retro tax new regime from Jul 11

News & FAQs | By ALOK PATNIA | Jul 26, 2014

Union Finance minister Arun Jaitley on Friday offered partial relief to investors by ruling out imposition of long term capital gain tax ...

Clarifications provided by Budget’2014 with regard to Section 54, 54F and 54EC

News & FAQs | By ALOK PATNIA | Jul 24, 2014

Section 54 and 54F of Income Tax Act,1961 provides for exemption of Long term Capital gain which arises on the transfer  of a Long Term ...

Govt asks IT Department to use digital evidence against evasion of taxes

News & FAQs | By ALOK PATNIA | Jul 24, 2014

The Union Finance Minister, Shri Arun Jaitley exhorted the officers of the Income Tax Department to maximize the use of innovative and no...

Not only we, even IT office is remain open this Saturday and Sunday (26th & 27th July)

News & FAQs | By ALOK PATNIA | Jul 24, 2014

Not only we, even IT office is remain open this Saturday and Sunday (26th & 27th July).  With the due date for income tax return fil...

DIN to be specified with Director’s signature compulsorily

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 22, 2014

Now, DIN to be specified with Director’s signature compulsorily.This is one of the various new compliance requirements that Compani...

Startup Act to be first of its kind in India to be in force by Karnataka Govt

News & FAQs | By ALOK PATNIA | Jul 20, 2014

First they started using words like Startups, Incubation centre in the budgets and now, trust me our own Karnataka government is in plans...

Secondment of employees to be considered as providing of technical services

In this era of rapid globalization, the multinational companies (MNCs) are increasingly outsourcing ‘non-integral’ and ‘non-revenue...

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