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
Section 80U of the Income Tax Act, 1961 provides benefit of deduction in respect of permanent physical disability to taxpayer. Conditions...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80RRB of the Income tax Act, 1961 provides deduction in respect of any income by way of royalty. CONDITIONS – The following...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80QQB of the Income Tax Act, 1961 provides deduction in respect of royalty income of authors. Conditions to be satisfied for avai...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80G provides a tax deduction for donations to certain funds and charitable institutions. Deduction under section 80G is available...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80C provides deduction in respect of specified qualifying amount paid or deposited by the assessee in the previous year. Main pro...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Under section 36 (1) (ib) a deduction can be claimed by a taxpayer if the following conditions are satisfied: • The taxpayer pays premi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80CCC provides a deduction to an individual for any amount paid or deposited by him in any annuity plan of the Life Insurance Cor...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Deduction under Sec. 80GG is available for persons who pay rent for their accommodation. In computing total income, an assessee is allowe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Costs incurred for treatment of specified illnesses, could fetch you a tax benefit under section 80DDB. Conditions to be satisfied for av...
Advisory, Tax and Regulatory Compliance in India, Singapore and USA is proudly powered by WordPress