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
As per the Income Tax Act, 1961 (“the Actâ€), Hindu Undivided Family (HUF) is a separate legal entity and has an identity as an artifi...
News & FAQs | By ALOK PATNIA | Last updated on Feb 28, 2011
The Finance Minister has unveiled the Budget for 2011, applicable for FY 2011-12, subject to appoval by the Parliament. The FM opted agai...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
As per the Employees’ Provident Fund & Miscellaneous Provisions Act,1952 , the employer and employee compulsorily need to cont...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Leave travel allowances are grant provided by the employer in connection with the journey of employees and his family on leave to any pla...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
If you missed the income tax return filing/ return of income deadline of 31st July 2010 for filing your return of income for financial ye...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Public Provident Fund (PPF) is a long term saving plan which provides financial security as well as tax benefits. It is one of the most s...
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. It is included in gross salary and taxed accordingly. Profit in lieu of salary inclu...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Availing a home loan not only helps them in making their dreams come true but also save their taxes in many ways. Individuals are eligibl...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Capital gain arising from the transfer of any long term capital asset shall be exempt from tax to the extent such capital gain is investe...