Latest from Tax laws

A Policy Framework To Prevent Abuse Of Tax Exemption On Agricultural Income

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Agriculture has been the bread-earner for a major chunk of the Indian population, however citing the pitiful conditions of farmers under British Rule, the lawmakers decided to not tax their inc...

GST Registration

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GSTGST is the biggest tax reform of the Country that subsumed various taxes in a single tax. With the introduction of GST the cascading effect has been abolished. It is an indirect nature tax a...

Section 80 EE and Section 80EEA Tax Deduction

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Section 80EESection 80EE - Deduction on Home Loan Interest Tax deduction under Section 80EE of the Income Tax Act 1961, can be claimed by first-time home buyers for the amount they pay as intere...

National Pension System explained along with tax calculation example.

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The National Pension System (NPS) is a contributive pension system in which subscriber contributions are collected and accumulated in the employee's individual pension account along with matchi...

E-Invoicing under GST Law: Impact on Economy

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Taxation is one of the most important source of revenue for the government of any Country. Tax System in India can trace its origin since the ancient times in prehistoric texts such as Manusmri...

Law of Taxation and Constitution

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This article aims to give a review about Law of Taxation and Constitution. Introduction The constitution has supreme power it sets the structure that democrates political code, fundamental...

Tax Evasion

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Tax is a common contribution towards the government according to everybody's ability to pay for raising revenue that's for the benefit of society. The dictionary definition states that ďa compu...

Interpretation Of Tax Statutes

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Government of India is confined into three branches for example Legislature, Executive and Judiciary[1]. It is the constraint of the advisory group to make the laws and that of the pioneer, to ke...

How India can improve its GST laws by comparing it with Singapore

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Being the Biggest assessment change in India, GST will permit the genuine GDP development of the Indian economy to hit 6.75 percent in this financial year with desires for 7 to 7.5 percent genu...

Extension Of Time Limit Under Certain Compliances Specified In Income Tax Act...

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Facts: Amendment in Section 10AA through the notification No.35 /2020 dated June 24, 2020, issued by CBDT and along with the gazette notification dated 29th September 2020, by The Ministry Of ...