Taxmantra Global is battle-ready for the COVID-19 outbreak with full client delivery capability intact

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.

Blogs

Taxability of income of Residents in India

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...

Imperatives of having Income Tax file and filing of return of income/ tax returns

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...

Employees Provident Fund (EPF) interest rate notified

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...

Taxability of Composite Rent Received

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...

Investment under section 80CCF/ Infrastructure bonds

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, ...

Get Interest on late Tax refunds from IT Department

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...

Clubbing of Income in respect of transfer of assets

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...

Apply for Stay of Demand – In case of huge Tax demand

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 ...

Restriction on accepting or repayment of loan or deposits – Under Income Tax Provision

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...

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