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.
News & FAQs | By ALOK PATNIA | Last updated on Oct 5, 2017
Service Tax Voluntary Compliance Encouragement Scheme becomes more flexible to cover as many cases as possible , the finance ministry is ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
A royalty is a usage-based payment made by one party to another for the right to ongoing use of an asset, sometimes an intellectual p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
An APA is an agreement between the Central Board of Direct Taxes and any person, which determines, in advance, the arm’s length price o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Hyderabad Tribunal held that Transfer pricing officer cannot change or reject the method adopted by the assessee without substantiating r...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 6, 2017
There is a conflict about whether director remuneration whether it is salary income or is it falling under the head of Business or Profes...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Is Long Term Capital Losses adjustable with short term Capital gain arising on depreciable assets? Well the answer to the above question ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
With tax avoidance becoming an issue globally, countries like India and China fears tax base erosion says white paper on evolving global ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Source PTI – A worldwide crackdown on illicit funds has left just four jurisdictions – Cyprus, Luxembourg, Seychelles and Bri...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The expenditure incurred in relation to exempt income are not allowed. The rationale behind  that is to prevent tax payers from settin...