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
There is a distinction between the obligation to discharge the mortgage debt created by the previous owner and the obligation to discharg...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Short Term Capital Gain arising from transfer of short term capital asset, being Equity Shares in a listed Indian company or units of Equ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
As the employer-employee relationship existence is necessary between payer and payee to determine a particular receipt as Salary, the pla...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every salaried employee at the time of retirement receives retirement benefits from their employer, which is intended to secure life afte...
News & FAQs | By ALOK PATNIA | Last updated on May 19, 2011
Certain incomes are deemed to accrue or arise in India even though they may actually accrue or arise outside India. This is applicable to...
News & FAQs | By ALOK PATNIA | Last updated on May 19, 2011
Investment in mutual funds brings together a group of people and invests their money in stocks, bonds, and other securities who share a c...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Family arrangement is not regarded as transfer. For income tax purposes, a bona fide arrangement is not regarded as a transfer even when ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Cost of acquisition of an asset is the value for which it was acquired by the assessee. Expenses of capital nature for completing or acqu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
In every individual salary structure certain allowances is there which is given by the employer regularly in addition to salary for the p...