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
Profit in lieu of salary is a part of salary income and accordingly it is taxable under the head “Income from Salaryâ€. Profit in lieu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Government has provided great relief to most of the salaried class individuals by proposing that the individuals whose annual income is u...
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
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...
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