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

Can EPABX and mobile phones be treated as computers?

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

Case : Is it lawfully correct to claim 60 % depreciation on EPABX and mobile phones used for business by the assessee on the ground that ...

Foreign Banks Arms May Get Tax Relief

News & FAQs | By ALOK PATNIA | Last updated on May 8, 2012

As per The Economic Times of India: Finance minister Pranab Mukherjee on 7th May 2012, encouraging foreign banks to incorporate in the co...

Is depreciation allowable on discarded plant and machinery?

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

Case : Would the phrase ‘used for the purpose of business’ in respect of discarded machinery be eligible for depreciation und...

Is letting out lodge different from renting out building ?

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

Case : Can an assessee engaged in letting out of  rooms in a lodging house also treat the income from renting a building to a bank on lo...

Claim Deduction u/s 80DDB

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

Section 80DDB allows deduction to a resident Individual for the medical treatment of certain specified diseases or ailments. Therefore, t...

Sec 271AAA Vs Sec 271AAB

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

Sec 271AAB will not only strengthen the penal provisions with respect to undisclosed income found, it will also motivate the taxpayer to ...

Registration under VAT (Value Added Tax)

GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 22, 2019

Registration is a process of obtaining certificate of registration from the authorities under VAT Acts. A dealer registered under the VAT...

Latest Penal Provisions – Penalty by slabs on undisclosed income

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

The newly-introduced penal provision (Penalty on undisclosed income as per sec 271AAB) has been introduced by our Hon’ble Finance Minis...

Fees Structure Of LLPs

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

Generally assessee’s are concerned about the fees structure before incorporating or making any changes in any entity. Payment of requis...

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