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
A non-resident individual, under the scheme of Income Tax Act 1961, becomes liable to tax in India in respect of income arising or accrui...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
An individual is said to be a resident in India, if he satisfies any one of the following two conditions (i) He is in India for a period ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Taxability of Salary received from Indian company- Salary income of non-resident received or accrued in India shall be taxable in India. ...
News & FAQs | By ALOK PATNIA | Last updated on Feb 21, 2011
Income tax is a tax charged on income of any person. Income tax is an annual tax on income. Income earned in financial year is taxed in t...
News & FAQs | By ALOK PATNIA | Last updated on Feb 19, 2011
A gift deed is a deed that is executed and delivered in which the donor transfers title to the donee without any payment or consideration...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
After filing the return of income, the same is processed by the department for verification purpose, where processing is completed by the...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Payment towards premium of life insurance policy and medical insurance policy gives an individual’s family the financial security neede...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
In continuation of the last article with respect to exempt income, here’s the list of some more incomes which are also exempt from tax ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Every income received by an individual whether in cash or in kind is chargeable to tax but there is still some specified incomes which ar...