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
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...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
There is a plethora of tax-saving products that come with varied duration, interest rates and taxability. Thus, a person can reduce his t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Provident Fund provides a compulsory contribution for the future of an employee after his retirement or for his dependents in case of his...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The due date for filing of tax return for FY 2010-11 (March 2011) is fast approaching. Â The first thing which comes to mind, when thinks...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
A new section 94(8) has been inserted with effect from assessment year 2005-06 to curb the practice of creation of losses via bonus strip...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Dividend Stripping is a process by which a investor gets tax free dividend by investing in securities (including units), shortly before t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Government of India in the year 2004 announced a New Pension Scheme. Â Section 80CCD was brought in to provide that where an individual e...
Advisory, Tax and Regulatory Compliance in India, Singapore and USA is proudly powered by WordPress