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Hopes for tax benefits not tax complexities from Tax Accounting Standards
News & FAQs | By ALOK PATNIA | Last updated on Jan 10, 2015
Over the years there have been several disputes between tax payers and Revenue Authorities on accounting policies adopted by tax payers f...
IT Department Wants to be your Friend, will meet every Wednesday
News & FAQs | By ALOK PATNIA | Last updated on Jan 9, 2015
A friendly step towards the ‘Good Governance’. Prime Minister Narendra Modi has initiated that the Income Tax department will...
Financial Leakage in Financial Institutions : Rs 15000 Crore Remittance Scam
News & FAQs | By ALOK PATNIA | Last updated on Jan 9, 2015
The Enforcement Directorate (ED) has unraveled a mega scam of fraudulent foreign remittances worth Rs 15,000 crore, involving a number of...
Annual franchise fees paid to Dominos: Revenue Expenditure
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Recently High Court of Delhi in Commissioner of Income-tax-II v Jubilant Foodwork (P.) Ltd held that annual franchise fees paid at a fixe...
Revenue Expenditure for Credit Card Business: Verification of creditworthiness of customers for i...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Recently High Court of Delhi in Commissioner of Income-tax-III v SBI Cards & Payment Services (P.) Ltd held that: In credit ca...
Pre- Budget Meet: Jaitely vs Industry and Trade Groups
News & FAQs | By ALOK PATNIA | Last updated on Jan 7, 2015
Before presenting Second Union Budget, finance minister Arun Jaitley held a pre-budget meet with industry and trade groups on Tuesday. Th...
STANDARD OPERATING PROCEDURES (SOP) FOR ADMINISTERING TDS INCORPORATING THE RE-ENGINEERED PROCESS...
News & FAQs | By ALOK PATNIA | Last updated on Jan 7, 2015
STANDARD OPERATING PROCEDURES (SOP) FOR ADMINISTERING TDS INCORPORATING THE RE-ENGINEERED PROCESSES DEVELOPED BY THE CPC-TDS Tax Deductio...
Will GST forever remain in files in India??
News & FAQs | By ALOK PATNIA | Last updated on Jan 6, 2015
Touted by Finance Minister Arun Jaitley as the single biggest indirect tax reform since Independence has been subject to heated debate...
Are Indian Start-Ups Flying Outside India??
News & FAQs | By ALOK PATNIA | Last updated on Jan 6, 2015
With coming of Narendra Modi’s government into power, business owners and young entrepreneurs had lots of expectations  specially re...
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