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
The Income Tax Act, 1961 (the Act) contains specific provisions regarding taxing of capital gains arising out of sale of property. It is ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
‘ For perquisites taxable in the hands of the employee for the purpose of taxation, the employee is the “assesseeâ€. As a genera...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Method of valuation of rent free residential accommodation is governed by Rule 3 of the Income Tax Rules. However, in case the accommodat...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Capital gains from Shares is the gain or profit arising from the sale or transfer of shares effected during the accounting year under con...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
As per Section 112(1) of the Income Tax Act, 1961 (the Act), in case of long term capital gain (LTCG) (other than LTCG on equity shares a...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every salaried individual is entitled to perquisites or perks. It is defined as any casual emolument, fee or profit, attached to an offic...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Income from House property is computed by taking what is called Annual Value. From this, deduct Municipal Tax paid and you get the Net ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Filing of return is the constitutional duty of every individual as it earns the dignity of consciously contributing to the development of...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Immense changes are taking place in the Indian Economy due to the massive structural, trade and industrial policy reforms which have crea...
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