Introduction “A tax is a mandatory fee/ financial charge levied by any government on an individual or an … More
Category: Tax
Concept of Deemed Owner under Income Tax Act, 1961
Introduction Income is taxable under the head ‘house property’ if it arises from a property consisting of any building or … More
Income Tax and Goods & Services Tax (GST) comparison
When it comes to taxation, it isn’t enough to only know how much tax you pay on your income. Taxes … More
Difference Between Tax and Fee In Income Tax Act, 1961
Tax is levied compulsorily by the government on its citizens to defray the expenses of the government. A tax, by … More
FREEDOM FROM TAXATION FOR PROMOTION OF A RELIGION
Article 27: Freedom as to payment of taxes for promotion of any particular religion – No person shall be compelled … More
GOODS AND SERVICES TAX COUNCIL
GST council is a constitutional body under article 279 A. GST council decides every matter related to GST. This council … More
Goods and Service Tax (GST)
‘The consensus we arrived with states for amending the Constitution to implement GST is a major breakthrough. This alone has … More
Goods and Service Tax (GST)
“The consensus we arrived with states for amending the Constitution to implement GST is a major breakthrough. This alone has … More
Pink Tax
Introduction The increased cost of products specifically created and marketed for women is referred to as gender-based pricing, sometimes known … More
“CANONS OF TAXATION IN TAXATION LAW”
INTRODUCTION In modern economies taxes are the most important source of governmental revenue. A tax is a compulsory payment to … More
Deduction & Exemption Under Income Tax
Deduction & Exemption Income Tax is a compulsory responsibility that is levied on every citizen, based on their capacity to … More
Place of Effective Management under Income Tax Act, 1961
Section 6 (3) of the Income Tax Act 1961 (“act”) states that a company would be considered a resident of … More
Analysis of Substantial value of Assets under the Income Tax Act
According to Section 9 (1)(i) of the Income Tax Act of 1961, “all income accruing or arising, whether directly or … More
Tax Implications under EPC Contracts
A number of infrastructure and energy related projects are carried out by the foreign companies particularly because it requires highly … More
The Indian Formula One case: understanding the concept of Permanent Establishment
Increased presence of cross-border economic activities have led to increase in tax challenges around the world. India is no exception. … More
Residential Status of an Assessee
In today’s article, we will discuss the topic related to the residential status of an assessee as defined in the income … More
Taxation & its Canon’s (Principles)
A tax is a mandatory fee or financial charge levied by any government on an individual or an organization to … More
Tax Avoidance and Tax Evasion: How the judiciary understands the difference
Tax is a mandatory charge paid by a citizen of a country to the government to funds for undertaking public … More
REGULATORY AND COMPENSATORY TAXES ARE OUTSIDE THE SCOPE OF ARTICLE 301
Article 301 states that subject to other provisions of part XIII, trade, commerce and intercourse throughout the territory of India … More
PSYCHOLOGY : THE STUDY OF HUMAN MIND
Psychology is the scientific study of behaviour, experience and mental processes. Behaviour includes all of our outward or overt actions … More