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

Who can use ITR 2 for online return filing ?

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

The Income Tax Department has provided various Income Tax Forms for the assessees in order to file their return forms beneficially. The f...

IOC – Reduce excise duty or we hike petrol price by Rs 10/l

News & FAQs | By ALOK PATNIA | Last updated on Apr 18, 2012

Market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by a...

No mechanically condonation of delay even if delay by Department in filing Appeal (Chief Post Mas...

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

The Government filed an appeal to challenge the judgement of the High Court. There was a delay of 427 days in filing the appeal which was...

Taxability of Motor Car Perquisites – Use and Transfer

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

Perquisite is a part of gross salary of an individual provided by his employer in addition to the basic salary.  It is the benefit ...

Compulsory online return filing from AY 2012-13

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

Online filing of return is compulsory required by certain assessees.  Online return filing can be done with or without digital signature...

Penalty leviable even if cash credits offered as income in ROI filed pursuant to sec 148 notice (...

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

The assessee filed a ROI offering Rs. 4.68 lakhs which was assessed. Subsequently, the AO issued a s. 148 notice claiming that cash credi...

RBI Cuts Repo Rate By 50 Bps To 8.00%, Reverse Repo Rate Cut By 50 Bps To 7.00%, CRR Unchanged At...

News & FAQs | By ALOK PATNIA | Last updated on Apr 17, 2012

According to the RBI , its policy repo rate cuts to 8.00 percent, compared with expectations for a 25 basis point cut in a Reuters poll. ...

Whether Service Tax is applicable for Advertising Agencies?

News & FAQs | By ALOK PATNIA | Last updated on Oct 5, 2017

Today Taxmantra would discuss about whether service tax is applicable for advertising agencies or not. Further to budget 2012, there are ...

Clubbing Of Income under income tax

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

Clubbing of income means Income of other person included in assessee’s total income.     Generally an assessee is taxed in respect ...

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