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.
News & FAQs | By ALOK PATNIA | Last updated on Feb 3, 2011
The tax year 2010-11 comes to closure on 31st March 2011, with that the taxpayers start rushing for the documents/investment proofs, base...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Any profit or gain arising from the transfer of capital assets is chargeable to tax under the head “Capital Gains†in the year in whi...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Residential status of an individual provides the scope of his taxable income and tax thereon. An individual can be a resident, not ordina...
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 ...
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