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
Assessee incurring expenditure in foreign exchange for providing of technical services related to his business of export of computer soft...
News & FAQs | By ALOK PATNIA | Last updated on 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 ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Case: Income-tax Officer vs. Om Silk Mills Facts: The assessee filed its return on 31.10.2003 declaring total income of Rs. 1,10,463. The...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The Tribunal held – If the capital gain wrongly showed in hands of HUF while the individual owned the property then, the said capital gai...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017
Almost a year has passed since the Companies Act, 2013 had been implemented. The act has replaced some grandfathered provisions of the ol...
News & FAQs | By ALOK PATNIA | Last updated on 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...
News & FAQs | By ALOK PATNIA | Last updated on Mar 31, 2017
Must be Busy in filing returns.. just few days left. However, remember just filing will not be enough to make the return valid. Submittin...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The High Court ruled that if installments of loans taken by subsidiary company were repaid by guarantor for protecting its business then,...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Where land being long term capital asset and building being short term capital are sold then, assessee was entitled to claim benefit of s...