Taxmantra Global is battle-ready for the COVID-19 outbreak with full client delivery capability intact

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.

Blogs

Machines eligible for depreciation even if installed for trial

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Where machines installed before the end of financial year to be used for trial run and not for production shall be eligible for claiming ...

No penalty on non-deduction of tax if assessee bona-fide believed that no tax shall be deducted

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Gifts were distributed without deducting tax to employees on a bona fide believe that such gifts shall not form part of salary. Thus, suc...

A glance over the approvals made in Finance Bill 2015

News & FAQs | By ALOK PATNIA | Last updated on May 1, 2015

The Finance Bill which was presented in the Lok Sabha on 28th February, 2015 has been passed by the Lok Sabha on 30th April, 2015. The bi...

Company registration simplified-Now register in 48 hours in India

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017

Company registration simplified-Now register in 48 hours in India!!! MCA is in its webcast announced the biggest ever viral news- Start y...

Relaxation in due date for filing of P Tax Return

News & FAQs | By ALOK PATNIA | Last updated on Apr 30, 2015

Professional Tax is charged on an income from salary subject to the slab or on earning from any profession. In India Professional Tax is ...

Voices raised by FPIs against MAT Payment

News & FAQs | By ALOK PATNIA | Last updated on Apr 29, 2015

Notices demanding MAT payment by FIIs on capital gain may lead to a battle between Foreign Portfolio Investors (FPIs) and the Tax Departm...

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

News & FAQs | By ALOK PATNIA | Last updated on 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...

Regular trading transactions between shareholder and the company shall not attract sec. 2(22) (e)

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Where there were regular trading transactions between shareholder and company and the payments received against sales made during course ...

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

News & FAQs | By ALOK PATNIA | Last updated on Mar 27, 2017

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...

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