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

Don’t Take off from work to file Tax Returns/ ITRs – Individual Taxation

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

Isn’t it very silly that we take off from our office to just visit local consultants to file tax returns? We delay filing of our tax re...

Valuation of perquisite in respect of travelling, touring, accommodation – Individual Taxation

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

Every employee along with normal salary looks for the additional benefits from the employer and this non monetary additional benefit prov...

Tax exemptions under section 80C – Individual Taxation

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

The provision of section 80C of the Income Tax provides for opportunity of claming additional deduction of Rs. 100,000 to the individual ...

New Presumptive taxation u/s 44AD from AY 2011-12

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

A new section 44AD has been incorporated in the Income-tax Act to provide for special provisions for computing business profit on presump...

Your Employer not bothered about your taxes- save taxes on salary

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

Generally employee and specially employer are ignorant regarding the taxation issues of the salary paid. Employee gives least importance ...

Penal Interest u/s 234B for default in payment of advance tax – Individual Taxation

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

The advance tax is based on the concept of ‘pay as you earn’ and an individual shall be liable to pay advance tax on income of curren...

Housing loan OR Housing Allowances – Individual Taxation

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

Benefits for the person who have Housing Loan : Housing Loan is taken by a person when he purchases a house and financed the part of the ...

Penal Interest u/s 234A for default in furnishing return – Individual Taxation

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

Individuals are required to file their income tax return for any previous year upto 31st July of the relevant assessment year u/s 139(1) ...

Tax Deducted at Source Certificate -Individual Taxation

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

TDS certificate is issued by the person who deducts tax at the specified rate while paying a sum of money to the recipient and confirms t...

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