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
When return is filed either manually or online, the return is processed to ascertain whether any arithmetical error or any incorrect clai...
News & FAQs | By ALOK PATNIA | Last updated on Feb 1, 2011
The tax year ending March 2011, is nearing its end, therefore you must prepare for your tax planning for calculating the income tax liabi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Updated on 23-01-2014 , An individual is required to file his return of income for any previous year upto 31st July of the assessment ye...
News & FAQs | By ALOK PATNIA | Last updated on Jun 4, 2016
The bonus as may be received by the employee is fully taxable in the hands of the employee on receipt basis and is included in the gross ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The Employees’ Provident Fund & Miscellaneous Provisions Act, 1952 takes care of the retirement, medical, housing, financing of...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
An individual shall be liable to pay Advance Income Tax on income of current financial year on estimation basis, during a financial year ...
News & FAQs | By ALOK PATNIA | Last updated on Jun 4, 2016
Income Tax Act, 1961(“the Act”) provides the tax treatment on receipt of gift and certain assets by an individual from his r...
News & FAQs | By ALOK PATNIA | Last updated on Jun 4, 2016
Annual Information Return (“the Return”) is a return introduced with an intention to cover the specified financial transactio...
News & FAQs | By ALOK PATNIA | Last updated on Jun 4, 2016
Residential Status is the basis of Individual taxability in India. The residential status is determined based on the physical stay of an ...