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
‘Fees for Technical Services’ mean any consideration (including any lump sum consideration) for rendering of any managerial, technica...
News & FAQs | By ALOK PATNIA | Last updated on May 17, 2011
The residential status of a person is necessary to be known, as the tax liability is dependent on such status. Based on residence, a pers...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Income earned during the previous year (April 1, 2010 to 31st March 2011) is taxable in the immediately following assessment year. It is ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The provisions of rent arrears described under section 25B of Income Tax Act, 1961. The section 25B exclusively deals with assessing cond...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Any expenditure of a capital nature incurred in making additions or alteration to the asset is to be added to the cost of acquisition by ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Most of the employees receive compensation in connection with termination of employment and there is a circumstance under which such comp...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Those having income from salary are concerned with the changes taking place in the Income Tax Act, 1961. So, at very outset one must unde...
News & FAQs | By ALOK PATNIA | Last updated on May 16, 2011
If somebody transfers his own assets for forming Hindu Undivided Family (HUF) after 31.12.1969, it is not acceptable and the income from ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Royalty mean consideration (including any lump sum consideration but excluding any consideration which would be the income of the recipie...