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.

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GAAR proposals may be diluted

News & FAQs | By ALOK PATNIA | Last updated on Apr 21, 2012

Government may dilute some provisions of the proposed General Anti-Avoidance Rule (GAAR) to relieve investors who are anxious about the p...

How to convert Private Limited Company into LLP?

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

To ‘convert’ in the context of conversion of a private limited company into a LLP means  “a transfer of the property, ...

Who can use ITR 5 for online return filing?

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

Income tax return is required to be filed by Firms, AOPs and companies too.  Income Tax Department has notified separate Income Tax Retu...

Valuation of Taxable Perquisite of Free Education Facilities

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

The taxable value of the perquisite will be calculated in case of provision of concessional / free educational facilities for any member ...

Pranab Allays US Fears on Retro Tax Issue

News & FAQs | By ALOK PATNIA | Last updated on Apr 21, 2012

On Thursday India offered reassuring clarifications on new tax laws that have caused high fit of anger and irritation in US trade circles...

Declared Services – Taxability

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

The term services includes a declared services, it becomes essential to understand the meaning and philosophy of the term declared servic...

Giving effect to Third Member’s opinion cannot be refused by Bench

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

Tulip Hotels Pvt. Ltd vs. DCIT (ITAT Mumbai Special Bench) The Tribunal had to consider whether certain amounts could be assessed as cash...

Things to be kept in mind before filing Return of FY 2011-12

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

Taxpayers scramble to file income tax return only when the due date approaches which leads to incorrect claims, filing return etc. Financ...

Income Tax Department is conducting raid operations

News & FAQs | By ALOK PATNIA | Last updated on Apr 20, 2012

Income Tax officials of Guwahati started conducting raid operations across the state on 18th April 2012. According to the Times of India ...

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