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
Car parking areas cant be sold separately by promoters: SC In a several orders, courts have ruled that a parking space that comes with ...
News & FAQs | By ALOK PATNIA | Last updated on Feb 22, 2014
Tax department pursues non filers of IT Return vigorously The Income Tax Department had initiated a business intelligence project in Febr...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
How to deduct TDS on salaries? The concept of TDS on salaries, creates some pressure on the employers who need to deduct taxes at sourc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Expenditure on expansion of business, treated as revenue expenditure. The assessee gave a dual treatment of expenditure on expansion of b...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Penalty imposed on concealed income cannot be revoked Words once uttered cannot be taken back. Similarly, income once concealed cannot be...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Exemption under section 54EC can be claimed twice Exemption on capital gains. Section 54EC of the Income Tax Act provides an option to sa...
News & FAQs | By ALOK PATNIA | Last updated on Feb 19, 2014
Prohibition on use of specified words in the name of registered entities Putting an end to some confusions with regard to names the use o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Tax deductions you are not taking In this article we would discuss some of the tax deduction that the common man does not know about, how...
News & FAQs | By ALOK PATNIA | Last updated on Mar 31, 2017
A budget from which the common man is virtually unaffected The Honorable Finance Ministry presented the “interim budget†budget for t...