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
An NRI is an Indian citizen residing outside India. Person of Indian Origin (PIO) means an individual (not being a citizen of Pakistan or...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
As per the Income-tax Act, 1961 the following income of individual can be clubbed with the spouse’s income (a)         Any in...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Sweat Equity Shares means shares issued by a company to its employees or directors at a discount or for consideration other than cash for...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The filing of income tax return is a legal obligation for every person whose total income during the previous year exceeds the maximum am...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Perquisites are the non-monetary benefit provided by the employer to his employees in addition to the salary. It plays a vital role in th...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Online tax filing or online return filing aka online income tax filing was enabled by the income tax department in the year 2006 and sinc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Perquisites are the amenities provided by the employer to his employees in addition to their salary. The way salary is structured plays v...
News & FAQs | By ALOK PATNIA | Last updated on Feb 11, 2011
Permanent Account Number (PAN) is unique Identity number issued by the Income Tax Department under the provision of Income Tax Act, 1961....
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
For a non-resident individual, any income which is received or deemed to be received OR which accrues or deemed to be accrue in India sha...