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
Residential status has considerable bearing for charging of income tax. The following incomes of an assessee having ‘resident’ status...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Individuals are required to file their income tax return if the income before allowing deductions under chapter VIA and exemption u/s 10A...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The central government has notified the interest rate applicable for Employees’ provident fund @ 9.5 per cent, to be effective from 1st...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
When the owner of the building gets along with the rent of the building, rent or hire of other assets (like furniture) or charges for dif...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The government has introduced a new tax investment option under section 80CCF, wherein an investment upto Rs. 20,000 is exempt from tax, ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
At times getting refunds from the Income Tax Department becomes time taking and tiring exercise. Thus, in majority of cases, the tax paye...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Generally, an assessee is taxed in respect of his own income. In some cases, however; the Income Tax Act deviates from this principle and...
News & FAQs | By ALOK PATNIA | Last updated on May 14, 2011
In some cases, the assessing officer while passing an assessment order raises huge tax, demand, which puts the individual tax payer into ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Individual taxpayers do normally accept and repay amounts in nature of loan or deposit without even aware of stringent restriction impose...