Taxmantra Global is battle-ready for the COVID-19 outbreak with full client delivery capability intact

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.

Blogs

Explanation of Law on Valuation of Shares of A Closely Held Company

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

As per the ITATONLINE.ORG – The assessee held 50% of the shares in L&T Infocity Asendas Ltd (“LTIAL”) while the rest were h...

Implementation of GAAR System Deferred to 1st April 2016

News & FAQs | By ALOK PATNIA | Last updated on Jan 14, 2013

Again there is a major relief to the markets and investors, as the said GAAR, the controversial law against tax avoidance through foreign...

TDS on Remuneration Paid To Directors U/S 194J(1)(ba)

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

An employer needs to deduct TDS on salary paid to employees as per the provisions U/S 192 of the Income Tax Act 1961and the term employee...

Can a Foreign Citizen be a Director of the Indian Company?

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017

Directors of companies have official duties and legal responsibilities relating to company administration. He leads, manages, or supervis...

SEBI notifies regulations for Setting up of Self Regulatory Organisation for Mutual Fund Distribu...

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017

The regulator SEBI has notified regulations to set up a Self Regulatory Organisation (SRO) to monitor distributors of mutual fund and p...

Finance Finisters May Not Change the Tax Slabs but May Increment the Surcharge for Income above P...

News & FAQs | By ALOK PATNIA | Last updated on Jan 9, 2013

As per the Economic Times of India the proposal for taxing the super-rich does not find much favour with Chidambaram, who is known to pre...

Section 143(1) Intimation cannot be reopened u/s 147 without Fresh Material

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

CIT VS. ORIENT CRAFT LTD (DELHI HIGH COURT) As per ITATONLINE.ORG – The assessee filed a ROI in which it claimed Section 80HHC dedu...

Disallowances of TDS Shortfall Due To a Mistake Is Not Valid

News & FAQs | By ALOK PATNIA | Last updated on Jan 5, 2013

As reported by the Economic Times of India – A shortfall in the tax deducted at source (TDS) because of a bonafide error in applyin...

Features and Eligibility of "One Person Company" in India

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017

With the new Company Law bill passed by the Parliament, “One Person Company (OPC)” comes to reality in our country. It is essentially...

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