Author

Alok Patnia 4 posts 0 comments

Alok Patnia is founder of www.taxmantra.com, a site to understand and address the pain points of individuals, businesses and startups. He is a qualified Chartered Accountant and a commerce bachelor from St. Xavier’s College having post qualification exposure with Ernst and Young and KPMG at Bangalore.

Startup

Annual Filing of ROC Compliance by Companies In India [Full Overview]

Alok Patnia Sep 1, 2014 11

This is that time of the financial year, when every company (PVT or LTD) needs to comply with annual filing with Registrar of Companies (ROC). In our experience not many entrepreneurs are attentive to this requirement, and even if they…

Income Tax

Can Personal Expenses Be Shown As Business Expenses In Filing Income Tax?

Alok Patnia Aug 14, 2014 3

General Principal says that amount you spend for personal or family reasons are not deductible business expenses. However, if you are doing business from home or have a family business, there are expenses which are both in the nature of…

Income Tax

How to File Tax Returns For Future & Options Trade

Alok Patnia Aug 9, 2014 12

There is a confusion in the minds of tax payers engaged in non-delivery based trading on the stock markets, commonly referred to as Futures and Options (or at F&O). We thought it to be very important to focus on this topic in an…

Income Tax

Income Tax Return Filing – 7 Formulas for Error Free and easy filings

Alok Patnia Jun 20, 2012 5

The Income Tax Return Filing season is upon us. Businessmen, professionals as well as Individual tax payers are starting to worry about their tax returns, as the due date for the tax returns for financial year 2011-12 (AY 2012-13) i.e.…