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 May 31, 2012
Q.1) What is the definition of Stamp Duty as per section 56(2) (vii)? Ans. As per section 56(2) (vii), the “stamp duty value†of ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
DDIT vs. B4U International Holdings Ltd (ITAT Mumbai) The assessee, a Mauritius company, was engaged in telecasting TV channels. In India...
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 22, 2019
Scientific or Technical Consultancy – It refers to any advice, consultancy, or scientific or technical assistance rendered in any manne...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Slump sale means the transfer of one or more undertakings as a result of the sale for lump sum consideration without values being assigne...
News & FAQs | By ALOK PATNIA | Last updated on May 30, 2012
Business Process Outsourcing is a process of hiring another company to handle business activities for you. A BPO is different from the as...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Double Taxation is a situation in which the same income becomes taxable in the hands of the same company or individuals (tax- payer) in m...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
NRI often have confusion over the tax related issues and provisions in respect of immovable properties. They have various queries regardi...
News & FAQs | By ALOK PATNIA | Last updated on May 29, 2012
An assessee is always concerned about the tax structure in relation to any form of business organization be it a sole proprietorship, com...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Gifts received by an individual or HUF are taxable in certain situations as prescribed by the Income Tax Act. The gift may be in the form...