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
Certain incomes are deemed to accrue or arise in India even though they may actually accrue or arise outside India. This is applicable to...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Any person responsible for paying any income chargeable under the head “Salariesâ€, shall, at the time of payment, deduct income tax o...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Any sum payable by the employer, whether directly or through a fund other than a recognised provident fund or an approved superannuation ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Income Tax liability is dependent on the residential status of a person. Based on residence, a person can be Resident and Ordinarily Resi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Income tax return (ITR) is simply a statement/document, in which a person declares the information about his income and the tax liability...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
As per CBDT circular no. 03/2011 dated May 13, 2011, TDS Certificates in Form No. 16A will be generated from Tax Information Network (TIN...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80CCC of Income Tax Act, 1961 provides deduction in respect of contributions to certain Pension funds by an individual assessee. ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Where any tax and interest under sections 234A, 234B and 234C is payable by the assessee on the basis of the return of income required to...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every person shall quote his “Permanent Account Number†(Section 139A) in all documents pertaining to the transactions specified belo...