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
It is advisable to file your income tax return within due date even in case of loss otherwise the benefit of carry forward of loss will n...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
“Retrenchment†means termination by the employer of service of a work man for any reason other than as a punishment inflicted by a di...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Perquisites are various non-wage compensations provided to employees in addition to their normal wages or salaries. These are the benefit...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
A capital gain is a profit that results from investments into a capital asset, such as stocks, bonds or real estate, which exceeds the pu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Again it is that time of the year when all your income for the current financial year is in and you need to file your income tax returns ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Today the capital market has assumed a very significant place in our country involving speculative transactions, derivative transactions,...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
House Property is regarded as a source of income for Income-tax purposes. For this purpose Income Tax Act, 1961 (the Act) classifies R...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Most of the salaried individuals are provided transport allowance by their employers for the purpose of commuting between the place of th...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Arrear Rent refers to the rent of the prior period received in the current year due to reasons like increase in the amount of rent with r...