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.
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 ...
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...
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...
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...
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...
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...
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...
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...
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...