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 80E provides you tax benefits on education loans taken to support higher studies and these benefits help you to reduce the overal...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Deduction u/s 80DD can be claimed if you are incurring expenditure for maintenance including medical treatment of a handicapped dependent...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Investments made towards payment of health insurance premiums, qualify for a tax deduction under section 80D. Conditions to be satisfied ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Deduction in respect of subscription to long term infrastructure bonds under Section 80CCF is applicable for the assessment year 2011-12 ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The following shall not be treated as perquisite – • Medical facility provided in a hospital, clinic, dispensary or nursing home ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
If tax is paid by an employer on behalf of an employee, the same (being in nature of an obligation which, but for such payment, would hav...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Under the India income tax provisions, HUF is considered as having distinct legal identity. There are few ambiguities with regard to its ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Normally there will be capital gain tax on transfer of house property. However, if following conditions are satisfied, you can claim tota...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Date of Acquisition in case of bonus shares for holding period – The assessee who is allotted bonus shares should be taken to hold ...
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