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
Allowance is a fixed quantity of money or otherwise given regularly in addition to salary for the purpose of meeting some particular requ...
News & FAQs | By ALOK PATNIA | Last updated on May 12, 2011
The Direct Tax Code (DTC) will come into effect from FY 2012-13 starting from 1st April, 2012 and you would file your first income tax re...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The filing of income tax return is a legal obligation for every person whose total income during the previous year exceeds the maximum am...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every taxpayer can view or verify proper credits of Taxes paid (only with respect to Financial Year 05-06 onwards) from their Annual Tax ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
‘Hindu Undivided Family’ (HUF) is a family that consists of all persons lineally descended from a common ancestor, including ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every employer responsible for paying Salaries is required to deduct tax at source on the amount payable/ paid and also deposit such dedu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
All individuals having taxable income are required to file their return of income/ Tax returns before 31st July 2011 and thus the due dat...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Cost of acquisition of any additional financial assets as bonus shares or security or otherwise which is received without any payment by ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every taxpayer desire that his return should be accepted u/s 143(1) and not subjected to scrutiny assessment. It is natural that the taxp...