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
Dresser-Rand India Pvt Ltd vs. ACIT (ITAT Mumbai) The assessee entered into a ‘Cost contribution agreement’ with its parent company p...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
We the team of Taxmantra from our experience has found that, most of the taxpayers who have transferred their capital gifted assets , rem...
News & FAQs | By ALOK PATNIA | Last updated on May 24, 2012
The Government on 23rd May 2012 has clearly announced that it is scrapping the West Bengal SEZ Act 2003. As per The Times of India report...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
DCIT vs. Stup Consultants Pvt Ltd (ITAT Mumbai) A company, followed, the mercantile system of accounting in accordance with s. 209(3) of ...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017
Every Public limited company having a share capital is required to hold a Statutory Meeting once in every year u/s 165 of the Companies A...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every person whose total income for previous year exceeds basic exemption limits are obligated to file their income tax return. Other tha...
News & FAQs | By ALOK PATNIA | Last updated on May 23, 2012
As per The Economic Times report: The government on 22nd May 2012 said, gross non performing assets (GNPAs) of nationalised banks stood a...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
CIT vs. Manjula J. Shah (Bombay High Court) The assessee’s daughter purchased a flat costing Rs. 50.48 lakhs on 29.1.1993. On 1.2.2003,...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Rent of the prior period received in the current year due to reasons like increase in the amount of rent with retrospective effect etc. S...
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