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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Taxability of Pension

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

Pension is one of the popular retirement benefits provided by the employer for past services. Taxability of pension depends on different ...

Tax Deduction for employing extra workmen – 80JJAA

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

Tax deduction is available from taxable profits of 30% of additional wages paid to new regular workmen in either a newly formed undertaki...

Consequences of delayed filing of Service tax return

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Jul 28, 2020

If you are filing Service tax return after the due date then you may be held liable for the late fee upto Rs. 20,000. Every taxable servi...

Leave Travel Allowance – Claim Exemption

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

Vacation and Travelling with family is of great enjoyment and fun and this can be more enjoyed if related travel expenses help to save ta...

Company Vs General Partnership Firm Vs Limited Liability Partnership

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

Selection of business entity is made after taking into account factors which includes objectivity of the founder, capital required and av...

Deduction for Research and other expenses – Salaried and Non – Salaried Individuals

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

Deduction for any contribution made towards socio – economic welfare either in the form of contribution to scientific research or rural...

Open Bank Account after Incorporation of Company

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

It’s better to open a Bank account in name of company to keep business and personal finances separate. Company incorporation is not the...

Deductions to Non Resident Individuals

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

Non Resident Indians (NRIs) are eligible for deductions under Chapter VI A as are available to Resident Individuals. There are certain in...

Save Tax through Educational Loan – 80E

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

Substantial tax saving is possible even if one has taken a loan for higher education. Due to financial constraints most of the persons ar...

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