At the time of penning this, the COVID-19 crisis is increasing exponentially all over the world. Global leaders and organizations are doing their best to manage this crisis. Even so, the boundaries are getting severely stretched. However, it is not just a macro crisis that needs to be handled at a global level.
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
If certain amount received by assessee as a gift from NRI then such transaction shall be considered as genuine if gift deed and bank cert...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Counter sales of goods against convertible foreign exchange though does not involve clearance at customs shall be treated as export. To l...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
If NRI received certain amount from his own account outside India through proper banking channels, income shall not be said to accrue or ...
News & FAQs | By ALOK PATNIA | Last updated on Mar 27, 2017
From 1st June, 2015, many amendments are coming into effect. Complying of such amendments are mandatory from the effective date. As we kn...
News & FAQs | By ALOK PATNIA | Last updated on Jun 2, 2015
As expecte, RBI Governor, Raghuram Rajan, today cut the Repo Rate by 25basis points in the central bank’s monetary review policy. The rep...
News & FAQs | By ALOK PATNIA | Last updated on Mar 27, 2017
As we are entering the month of June, what is the top most things in our mind? What is that which has set to create a pressure on us. Yes...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Where assessee claimed loss on sale of assets in profit and loss account and in return of income then penalty for concealment shall be le...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017
The Companies (Amendment) Bill, 2014 was introduced by MCA to overcome the deficit in the Companies Act 2013. The approval of the Amendme...
News & FAQs | By ALOK PATNIA | Last updated on Dec 9, 2016
Happy times of Indian economy have begun. Indian Government has decided to treat the non-repatriable investments by NRIs, OCIs and PIOs w...