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 May 28, 2024
Have you missed your tax filing deadline of 31st July, 2010 for FY 2009-10? Â Nothing to worry. You can still file your Return for the FY...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on May 28, 2024
In case you are not engaged in any business or profession and have made donation for scientific research or rural development, then you a...
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on May 28, 2024
(1) Where an individual employed by the Central Government deposits any amount under a pension scheme notified by the Central Government,...
News & FAQs | By ALOK PATNIA | Last updated on May 28, 2024
The Government of India is keen on scrapping the age old Income Tax Act, 1961, and implementing a new Direct Tax Code. Direct Tax Bill ha...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
The Income Tax Act provides the facility to an assessee being a resident individual or Hindu Undivided Family, of claiming deduction unde...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Employers usually withhold a certain percentage of your salary for the payment of income tax. But sometimes, these withholdings are great...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
For the financial 01.04.2009 to 31.03.2010, the last date of filing of income tax return was 31st July, 2010. However the return of incom...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
An investment upto a maximum of Rs.20000 in infrastructure bonds would be deductible from your taxable income. This deduction will be ove...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
Under the provision of Income Tax Act, a resident individual can claim deduction under section 80DDB for actual payment towards the medic...