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
The High Court has made it clear that income derived from sale of export incentive cannot be argued to be ‘income derived from the ...
News & FAQs | By ALOK PATNIA | Last updated on Jun 7, 2012
As reported by The Economic Times: The Kolkata Income Tax Tribunal has put to rest the vexatious issue of whether long-term capital gains...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Capital gain is one of the important sources of income for the purpose of computation income tax. Any profit or gain arising from the tra...
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 22, 2019
Packaging activity – It means packaging of goods including pouch filling, bottling, labeling or imprinting of the package, but does not...
News & FAQs | By ALOK PATNIA | Last updated on Jun 6, 2012
As per The Economic Times: Adidas, the German headquartered sports goods maker, has more problems on its hands than tackling the alleged ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 208 states that an individual are liable to pay Advance Tax on income earned in current financial year on estimation basis if the...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
ITR V stands for ‘Income Tax Return – Verification’ form. It is an acknowledgment for E-filing which is generated after uploading t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
CIT vs. Havells India Ltd (Delhi High Court) As per ITAT.ORG: The assessee, an Indian company, paid Rs. 14.71 lakhs to a US company for â...
News & FAQs | By ALOK PATNIA | Last updated on Jun 4, 2012
As per The Economic Times: The aviation ministry has called for abolition of service tax on air tickets and reduction in sales tax on avi...