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Yuvraj Singh to play a new innings: YouWeCan Ventures
News & FAQs | By ALOK PATNIA | Last updated on Apr 7, 2015
If you are a startup then you must be in search of funds. Funds are the basic but also a dreadful problem which lead to shut down. For su...
Depreciation shall not be claimed on goodwill if retiring partner were not paid in excess of bala...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
If retiring partner were not paid in excess of balance in capital account then, no goodwill arises. Thus, depreciation shall not be claim...
Purchases made from person carrying dummy business shall be added to the income of assessee u/s 69C
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Case:Assistant Commissioner of Income-tax vs. Shanti Swarup Jain Where assessee purchases from a firm running dummy business then such pu...
Foreign technical expense related to main business of assessee shall not be excluded for Sec. 80HHE
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...
E- Commerce: Full of mysteries
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 ...
Income shall be computed based on net profit rate in Best Judgment Assessment
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...
Capital Gain shall be the income of owner of land even if wrongly shown as income of HUF
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...
Top 10 things to know about Companies Act, 2013
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...
Clarification on income deemed to accrue or arise in India
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...
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