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
Mostly by every employee additional benefits along with the normal salary is received in kind from the employer free of cost or at a conc...
News & FAQs | By ALOK PATNIA | Last updated on May 7, 2011
Incidence of tax in case of salaried employee can be minimised by keeping the following in mind:- 1. Instead of high basic salary one sho...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Perquisites provided by the employer (directly or indirectly) to the employee or any member of his household (by reason of his employment...
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...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Mostly by every employee additional benefits along with the normal salary is received in kind from the employer free of cost or at a conc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Pension is simply a compensation to the employee for the past service. Tax treatment As per Income Tax Act, 1961 tax treatment of pension...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The Income Tax Act, 1961 grants exemption of capital gains arising from the transfer of a long-term capital asset other than a house prop...
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Oct 5, 2017
Tax slab of the current assessment year (AY) i.e., AY 2011-12 and current financial year (FY) i.e., FY 2011-12 is similar for the women a...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Interest on borrowed capital is deductible (of the current year and pre-construction period): (A) – In case of Self-Occupied Property &...