SOVEREIGN RIGHT TO TAX

Introduction “A tax is a mandatory fee/ financial charge levied by any government on an individual or an … More

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