INTRODUCTION Since before the arrival of the first colonists, income taxes have been a common idea. It is regarded as a tax that a citizen pays to the state, based on their income and the profits of their businesses. The state uses the money it receives from taxes for aContinue Reading
Introduction The Taxation Laws (Amendment) Bill 2021 was presented after India lost retrospective tax demand proceedings against Cairn Energy Plc. and Vodafone. The Taxation Laws (Amendment) Bill, 2021, was introduced in the Lok Sabha on August 5, 2021, by Nirmala Sitharaman, the Minister of Finance. Both the Income Tax ActContinue Reading
This article is written by Kalyani Gupta, a Master’s in Law student from Amity University, Noida. This article discusses meaning and rules for determining the residential status of an assessee. INTRODUCTION An ‘Assessee’ implies to an individual on whom tax, or any additional sum of cash is imposed under theContinue Reading
This is authored by Janaki Nair a 3rd year B. A. LLB student in Symbiosis Law School Pune. The following article deals with the system of taxation in India and how the taxpayers navigate around the same topic. It also deals with the problems that taxpayers may face while filingContinue Reading
This article is written by Aanchal Rawat, a 2nd year student of R N Patel Ipcowala School of Law and Justice. INTRODUCTION “Only 5.78 Crore individual taxpayers filed income tax return for the financial year 2018-19 till Feb 2020 and even in that only 1.46 Crore, individual taxpayers filed returnsContinue Reading
This article has been written by Khan Mahenoor pursuing law from Rizvi Law college. The pictorial image has been taken from Forbes What is Tax? A Tax is a compulsory financial charge or some other type of levy Imposed upon a person by a state in order to fund governmentContinue Reading
This article has been written by Navneet Chandra and gives basic information about whether to pay the taxes for there agricultural income or not. Agricultural Income under Income Tax Agriculture as we know is the basic yet the most beneficial practice in India. Here farming is considered as the mostContinue Reading
This article is written by Bhavna Arul, a fourth-year law student from Symbiosis Law School. INTRODUCTION Non-Government Organizations are formed with the intention of solving socio-economic issues in a country. They can be in the form of a Trust, Company (Section 8 company) or a Society. These organizations often getContinue Reading
This article is written by Shreya Shanu, a student of Sardar Patel Subharti Institute of Law, Meerut. INTRODUCTION In this era of world a “global village,” even small firms must master cross-border tax issues to serve their clients well. Companies face a number of domestic tax challenges throughout all stagesContinue Reading