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
The provisions of the Income Tax Act, 1961 does not provide any clear cut demarcation for treating a particular of income as capital gain...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The perquisite in respect of credit card is taxable as follows – Step 1 – Calculate expenditure incurred by the employer in respe...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Amount payable by an employer, directly or indirectly, to maintain an assurance on the life of the assessee or to effect a contract for a...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Training of employees – Amount spent for providing free education facilities to, and training of, the employee is not taxable. Fixed ed...
News & FAQs | By ALOK PATNIA | Last updated on Apr 18, 2011
Salaried employees who are totally new to the world of income tax, thinks that income tax liability calculation is the hardest thing they...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every salaried individual alongwith with salary for their services provided to the employer, look to get additional benefits or amenities...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Everyone wants to have a home to which they can call their own, where they feel secure and live peacefully with their family members. On ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
At the time of retirement, every employee have desire of reward for rendering long and unblemished service to the employer and Employer d...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Most of the Income Tax Payee try to save tax by saving under section 80C of the Income Tax Act, 1961. So to plan your tax savings accordi...
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