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Fees for Legalizing Construction is not an allowable expense
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
In Nahar Spinning Mills Ltd. vs. Commissioner of Income-tax, Ludhiana, High Court held that the expense incurred for legalizing the const...
Functional Dissimilarity is not Optimal Basis for Comparison for ITES Provider
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Recently in Flagstone Underwriting Support Services India (P.) Ltd. vs. Deputy Commissioner of Income-tax, Circle 1 (3), Hyderabad, it wa...
Why do I need Life Insurance and also the tax impact
News & FAQs | By ALOK PATNIA | Last updated on Jan 16, 2015
Life insurance is a contract between an insured and an insurer, where the insurer pays the designated beneficiary, a sum of money in exch...
Technical Glitch at the DGFT website leads to delay in obtaining IEC
News & FAQs | By ALOK PATNIA | Last updated on Jan 15, 2015
Today the need to grow can be seen in all the start-ups. Every entrepreneur wants to expand his/her business in international markets for...
Repo Rate is cut by 25bps – what does it mean for the economy
News & FAQs | By ALOK PATNIA | Last updated on Jan 15, 2015
Thursday morning came with a surprise from Reserve Bank of India Governor Raghuram Rajan with a cut in Repo Rate by 25 basis points. Rate...
Lower than the Expected Inflation will lead to Rate Cut Cycle???
News & FAQs | By ALOK PATNIA | Last updated on Mar 31, 2017
Inflation rises to 5 percent in December compared to 4.4 percent in November. Good news is though there is rise but is lower than what wa...
Ease in Custom Procedure with Commercial Invoice cum Packing List
News & FAQs | By ALOK PATNIA | Last updated on Jan 14, 2015
CBEC has moved towards reducing the paperwork for importer/exporter by issue of Circular No. 01/2015 dated 12th January, 2015. Through th...
High Returns marked in Pension Fund
News & FAQs | By ALOK PATNIA | Last updated on Jan 14, 2015
The National Pension System (NPS) is a defined- contribution- based pension system launched by Government of India with effect from 1st J...
Income Increases in Disguise- With the Increase in the Basic Exemption Limits
News & FAQs | By ALOK PATNIA | Last updated on Jan 13, 2015
Smiling faces were seen when Finance Minister Arun Jaitley tabled his maiden Budget in Parliament on 10 July. Indeed, the Budget lived up...
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