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

SBI rate cut may trigger war in car loan segment

News & FAQs | By ALOK PATNIA | Last updated on Apr 24, 2012

According to Times Of India: The country’s largest bank, State Bank of India, has slashed auto loan rates and deposit rates while m...

Necessity of, or rewrite of transaction cannot be examined by Transfer Pricing Officer

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

CIT vs. EKL Applicances Ltd (Delhi High Court) The assessee paid brand fee/ royalty to an enterprise pursuant to an agreement it entered ...

Tax benefits on conversion of Company into LLP

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

On conversion of a Private Limited/ Public Company into Limited Liability Partnership (LLP) various tax benefits are being provided. A LL...

Consortium of non-residents to be treated & taxed as AOP in India: AAR

News & FAQs | By ALOK PATNIA | Last updated on Apr 23, 2012

According to Authority for Advance Ruling (AAR), a consortium formed by non-residents to bid for a turnkey project in India is to be trea...

Govt may cut capital gains tax on PEs unlisted stocks to 10%

News & FAQs | By ALOK PATNIA | Last updated on Apr 23, 2012

According to the Economic Times Report:The finance ministry is set to halve the tax burden to keep alive the interest of private equity (...

Invest in Rajiv Gandhi Equity Savings Scheme – Get deduction

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

New deduction has been proposed in the Budget in respect of investment made in equities i.e., Rajiv Gandhi Equity Savings Scheme (RGESS) ...

Amortisation of Preliminary Expenses – Section 35D

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

Where an Indian Company or non- corporate resident assessee incurs any expenses at the time of commencement of business or on extension o...

Information Technology Software Services – Taxable?

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Nov 22, 2019

“Information technology software”means any representation of instruction, data, sound or image, including source code and object code...

Netting of income from expenditure is allowed for computing 80HHC deduction

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

ACG Associated Capsules Pvt. Ltd vs. CIT (Supreme Court)  The AO & CIT (A) computed s. 80HHC deduction by deducting 90% of the gross...

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