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 Jun 4, 2016
If an individual derives any income from the transfer of a short term (held for less than 12 months) assets being an equity share or unit...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
A pension is an arrangement to provide an individual with an income when he is no longer earning a regular income from employment. It inv...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Leave encashment is the amount paid for the employee’s leave period, depending upon the leaves to his credit and his salary at the ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
This relates to an exemption in the case of capital gains arising from the transfer of long-term assets. The exemption is available to al...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 89 of the Indian Income Tax provides rebate to salaried individuals for receiving any portion of their salary in arrears or in ad...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
In computing the total income of a resident individual who is suffering from a permanent physical disability, the Income Tax Act provides...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
At times we intend to undertake a financial transaction but delay it as we are not sure of the tax implication of the same. One such fina...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Section 80RRB of the Income Tax Act, 1961 provides deduction to a resident patentee (including joint patentee) for the receipt of royalty...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on May 28, 2024
Section 80QQB of the Income Tax Act, 1961 (“The Act”) provides deduction to a resident author (including joint authors) for ...