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
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...
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...
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 ...
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...
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 ...
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...
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 ...
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) ...
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...