Tax Avoidance vs. Tax Evasion Tax Avoidance: Legal methods to minimize tax liability through financial planning Tax Evasion: Illegal practices to escape paying taxes, such as underreporti...

Under Indian tax law, the Hindu Undivided Family (HUF) is a special legal entity that is well known for its possible tax advantages. This study examines the complex connection between income ta...

This research paper investigates corporate taxation as outlined in the Indian Income Tax Act of 1961, highlighting the Act's central role as a cornerstone of India's tax system and the contribu...

Tax law modification can significantly affect both small and large businesses impacting their operations profitability and strategic planning. These changes can arise from adjustments to tax da...

Overview of Charitable Institutions in IndiaSocio-economic progress in India depends heavily on charitable institutions that have existed in the nation for a long period. There exists a wide rang...

The globalized and intangible character of digital transactions creates a number of complex issues for India's digital economy's taxation. This makes it more difficult to attribute profits beca...

In India, the system of taxation as it is known today has been in force in one form or another even from ancient times. In this article we are discussing how the income tax evolved over the tim...

This research article aims to provide a comprehensive comparative analysis of India's tax structure. The Indian taxation system is a multifaceted and dynamic structure, crucial for revenue gene...

Taxation forms the bedrock of a functioning society, providing the necessary revenue for governments to fund public services and infrastructure. The legal frameworks governing taxation are inhe...

Taxation refers to a procedure in which the government imposes tax compulsory financial charges or levies upon its citizens, corporations, and other taxable entities. These assessments are implem...

India's Economic GrowthIndia continues to hold the title of “One of the fastest growing economies” in the world. Over the past decade, the country has made remarkable developments and implem...

The dispute resolution mechanisms is a directive that lays down rules for swiftly and efficiently resolving disputes related to the interpretation and application of tax treaties for both busin...

International trade has been a cornerstone of global relations since the earliest days of civilization. However, trade and investment have surged significantly since the 20th century, largely d...

E-commerce has transformed the business landscape in India, creating new taxation challenges. With over 600 million internet users, this sector is expanding rapidly, requiring a well-structured...

Taxation [before & after 1947] Taxation plays a crucial role for thousands of years. It helps government for their functions and providing public services. The word tax was originated from ...

By increasing transparency, lowering fraud, and streamlining revenue operations, blockchain technology might completely change tax collecting. Conventions of tax collecting often suffer from in...

Shri Dhar Sabha Vaishno Devi v CITE ITA No.53/ASR/2017. Brief facts: The present matter pertains to the registration of Shri Dhar Sabha under §12A of the IT Act[1]. The factual matrix began w...

Since the early 1990s, India's tax policy has seen major changes; nonetheless, problems in building a fair, efficient, and revenue-generating tax system still exist. This article analyses chang...

The Goods and Services Tax (GST) has simplified India's complex tax structure, aiming for a single tax on the supply of goods and services across the country. Within GST, the Reverse Charge Mec...

The Goods and Services Tax (GST) is a comprehensive indirect tax system applied across India on goods and services. GST replaced various prior indirect taxes, aiming to simplify the tax structu...

Taxation is the backbone of any nation's economy, acting as the primary source of revenue for the government to fund essential services such as infrastructure development, healthcare, education...

Taxation is an essential component of any economy, ensuring that the government has the necessary funds to finance public services and infrastructure. In India, the Income Tax Act, 1961, govern...

India's taxation landscape has witnessed significant reforms in recent years, with the objective of simplifying tax structures and offering greater flexibility to taxpayers. One of the most not...

The Goods and Services Tax (GST) has revolutionized India's taxation system since its implementation on July 1, 2017. While GST has streamlined indirect taxation across industries, its impact o...

Taxation is a fundamental tool for governments to generate revenue and provide public services such as healthcare, education, and infrastructure. However, a crucial concern in any tax system is...

Real estate transactions in India are taxed under a complex system that is being regulated by many legislation, including the RERA Act, the Goods and Services Tax (GST) Act, and State-specific ...

Ever wonder where the money for schools, roads, and hospitals comes from? It all starts with taxation. Taxation is how governments get funds. These funds help them pay for services and projects...

Property tax plays a vital role in local governance across India, affecting every individual who owns land or invests in real estate. This guide offers an in-depth exploration of property tax i...

The Central Board of Direct Taxes (CBDT) has made it mandatory to file Income Tax Returns for all Firms and LLPS Irrespective of their income or loss. ITR-5 (ITR-4 for presumptive income in cas...

Area of Focus: This blog examines the inherent biases in tax calculations that disproportionately target the economically disadvantaged, exacerbating poverty and widening the gap between the r...

Area of Focus: This blog explores the inequities in the taxation system, focusing on how salaries, businesses, and professions are taxed unevenly, creating a ripple effect that impacts career ...

The main aim of the Union Budget for 2025-26 has been the boosting of the ease of doing business, a focal concept for all businesses to ensure seamless growth with reduced tax and compliance bu...

Taxation is a fundamental pillar of any legal and economic system, ensuring that individuals and entities contribute to national revenue. In India, the Income Tax Act, 1961 lays down taxation p...

Taxation is always viewed as an unwelcome imposition- a pain that one does not wish to put themselves in. But what makes so many people unwilling to pay taxes, even when they understand how crucial...

Taxation is a fundamental aspect of modern economies allowing governments to fund important public services such as infrastructure, education, and healthcare. However, complying with tax laws c...

Introduction: The Price of Being a Woman Imagine stepping into a store and selecting two similar razors. The first is branded "for men" and the second "for women." So, what m...

This deals with the concept of the standard deduction, a crucial tax benefit that simplifies tax filing and reduces taxable income for millions of salaried individuals and pensioners. With ...

Capital gains taxation is a crucial part of income tax law, governing the taxation of profits from the sale of capital assets. Understanding capital assets, short-term and long-term capital gai...

The Goods and Services Tax (GST) introduced by government on 1st of July 2017 defined in Article 366 (12A) of the Indian Constitution. The Goods and Services Tax (GST) regime offers such a comp...

On 1st of July 2017, GST (Goods and Services Tax) was introduced, defined in Article 366 (12A) of the Indian Constitution as, “any tax on supply of goods, or services or both except taxes on t...

This article examines the disproportionate tax burden on the middle class, highlighting how limited personal disposable income, multiple taxation categories, and indirect taxes exacerbate their...

Corporate taxation is an important source of government revenue around the world and a major consideration in planning business activities. This article identifies the economics incentives crea...

Analytical Overview of India's Budget 2025-2026 The Budget for 2025-2026, presented by Finance Minister Nirmala Sitharaman, underscores India's commitment to fostering inclusive growth, enhanc...

Food inflation refers to the rising prices of food commodities over time, significantly impacting household consumption, savings, and economic stability. In India, food inflation has become a p...

Case Overview The case Mineral Area Development Authority & Anr. v. Steel Authority of India & Anr. (2024) not only decisively sets forth an outward interpretation of the Indian Consti...

Introduction to Goods and Services Tax (GST) And its implementation in IndiaGST's installation in India resulted in a substantial change to the country's tax structure, necessitating that compani...

This comprehensive analysis examines India's taxation system, focusing on its fundamental principles, legal framework, and administrative mechanisms under the Income Tax Act, 1961. The study ex...

The Decocture of Taxation from an Erstwhile Resident of India upon him vacating the Country and becoming a Non-Resident : Scrutinizing the Existing Legal Stature & Need of a Conclusive Fram...

The inheritance tax, which was earlier known as estate duty in India, was abolished in 1985. Whether or not to revive the tax remains a contentious policy debate today. This paper examines the ...

The concept of legal tender forms the backbone of monetary transactions, enabling the seamless exchange of goods and services. However, the Indian legal framework, specifically The Coinage Act,...

The introduction of the Goods and Services Tax (GST) in India was a landmark step towards simplifying the country's indirect taxation system. Launched in July 2017, the GST aimed to streamline ...

Tax Deduction and Collection Account Number (TAN) are critical for corporations and professionals handling TDS (Tax Deducted at Source). However, errors in TAN info can lead to compliance issue...

Introduction to Section 206C of the Income Tax ActSection 206C of the Income Tax Act requires sellers to acquire Tax Collected at Source (TCS) on detailed items, including alcohol, timber, minera...

The Banking Regulation Act, 1949 is a cornerstone of India’s banking laws, providing a robust regulatory framework aimed at maintaining the stability and integrity of the banking system. The ...

Filing an ESIC Nil Return is a vital compliance requirement for employers beneath the Employees' State Insurance Corporation (ESIC) Act in India. This go back is filed when there are not any pe...

On October 3, 2024, the Supreme Court issued its ultimate ruling in the matter of Safari Retreats Private Limited. In addition to developers building malls, other industry participants building...

In the evolving landscape of taxation in India, digitalization has changed the way businesses and people manipulate tax-related obligations. One such location that has visible huge development ...

India's Special Economic Zones (SEZs) have become a key driver of monetary development by using fostering export boom, creating jobs, and attracting overseas investment. Among the several incen...

This Research paper provides a background to understand the impact of tax avoidance and tax evasion in India. As we all know, tax evasion is the intentional non-payment of taxes by taxpayers, w...

The 7th Pay Commission introduced a transformative change in the salary structure of central government employees in India. Implemented in 2016, this pay matrix has streamlined the pay scale ac...

Dive into our guide on understanding and complying with India's Goods and Services Tax (GST), emphasizing its impact, registration process, rate slabs, compliance requirements, and the benefits...

An individual's tax liability in India is determined by whether or not he resides in the country during any given fiscal year. The Indian income tax regulations are the source of the term" resi...

In a federal system, there are two levels of authority, each with its autonomy. A federal system splits power between these two levels as outlined by the constitution, enabling each to operate ...

As globalization continues to blur geographical boundaries, more and more Indians are living and working abroad. With the number of Non-Resident Indians (NRIs) growing, the complexities surroun...

Petitioner: Commissioner of Income-Tax, Madhya Pradesh, Nagpur v/s Respondent: Seth Govindram Sugar Mills Ltd. Date of Judgment: March 26, 1965 Bench: Justice K. Subba Rao, Justice J.C. Shah, J...

The indirect tax regime in India, changed after July 1, 2017 with the introduction of Goods and Services Tax (GST), which subsumed multiple taxes at both state and central level into a single s...

Finance Minister Ms. Nirmala Sitharaman made significant changes to the new income tax system in the Union Budget 2024. For the fiscal year 2024–2025, the income tax slabs were adjusted, and ...

The important due dates and deadlines for compliance-related tasks that a company or organization must complete are outlined in a compliance calendar. It helps reduce the risk of non-compliance...

Facts Of The Case: This appeal, filed under Section 260A of the Income Tax Act, 1961, challenges the concurrent decisions of the Commissioner of Income Tax (Appeals) [CIT(A)] and the...

The problem is that these tax payers are merely dreaming if not bluffing in their approach to sourcing the money to pay taxes. However, their sentiments are nonetheless of keen interest and rep...

A Non-resident Indian (NRI) is an individual who holds Indian citizenship or is of Indian origin but does not reside in India. To determine whether someone is an NRI, their residential status m...

The crux of the issue lies in determining the rightful custodian of currency seized by the police from individuals during investigations. The question arises whether the Income Tax Department c...

Double taxation is a situation where an income is subject to tax twice which can happen in many ways. This can occur in one of two ways - economic or juridical. Economic double taxation occur...

A formal notification from the tax authorities about a person's or entity's tax matters is an income tax notice. These notifications are issued by the Income Tax Department (ITD) and may be in ...

Define The Term Tax, Meaning And Essential Of Taxes Explain The Nature And Characteristic Of Tax: Different Types Of Taxes And Distinguish It From Fees And Cess. Introduction Taxation is th...

Last year, the Indian Parliament imposed a 28% Goods and Services Tax (GST) on online gaming. The umbrella term of 'online gaming' includes online games, horse racing, and casinos. This decisio...

Lumikai (an Indian gaming venture fund), in its recently released report, has lowered revenue forecast for the domestic online gaming industry. The report projects the industry to achieve USD 7...

Shantanu Sanjay Hundekari, Vikas Agarwal, Yogesh Agarwal, Mamta Gupta v/s Union Of India, Through Secretary, Ministry Of Finance, New Delhi., State Of Maharashtra, Joint Director, Director Gene...

In the year 2017 Prime Minister of India announced the news of new tax laws, Goods and Service Tax (GST). The idea was more criticised. The research paper main focus is National Tax Tribunal un...

The High Court has ruled that the Department is not obligated to provide ITC benefits to the buyer simply because the suppliers were registered at the time of the transaction. The court note...

Evolution of Indian Tax StructureSince gaining independence, India's tax structure has undergone continuous transformation. Numerous committees have been formed over the years to propose necess...

Alimony and Maintenance under personal lawsAlimony and maintenance refer to financial support provided by one spouse to another following a separation or divorce. These are crucial concepts in fa...

To create a comprehensive analysis of the deficiencies in India's income tax laws, a thorough examination of various aspects is required, including legal frameworks, enforcement mechanisms, com...

GIFT City, located in Gujarat, India, is a growing financial hub that is attracting global businesses, investors, and professionals. As India's first smart city under the Special Economic Zone ...

As the General elections to elect the members of 18th Lok Sabha is scheduled to take place from April 19 to June 1, with the ruling alliance of NDA all set to go up against the newly formed I.N...

Citation: Skill Lotto Solutions (P) Ltd. v. Union of India, (2021) 15 SCC 667 Statutes: Sale of Goods Act, 1930, Constitution of India, 1950, Central Goods and Services Tax Act, 2017. Transfer...

The Indian Income Tax Act, 1961, lays the foundation for the nation's tax system. It defines the types of income subject to tax and offers various deductions to lessen the tax burden on individ...

While tax rates are a widely discussed aspect of India's business landscape, the true impact extends far beyond. This abstract shed light on the legal and corporate underpinnings of the Indian ...

According to Section 24 of the Prevention of Money Laundering Act, 2002, the responsibility of proving the source of proceeds of crime falls on the accused. In cases where an individual is char...

Relationship between Incidence of Tax and Residential Status Incidence of Tax or Income Tax depends on the residential status and also on place and time of accrue and receipt of income. Deter...

Article 265 of the Indian Constitution states that no tax shall be levied or collected except by authority of law[1]. The authority of law, Law to be valid, tax, levy and collection are the pri...

All partnership firms are required to file income tax either manually or digitally. Income tax for a company can be validated with a digital signature or Electronic Verification Code (EVC). Whe...

People are always looking for ways to pay less income tax and there are numerous ways to accomplish this. Everyone wants to save more money and build a strong financial future that can support ...

Eamonn Butler highlights the nuanced perspective of Adam Smith on public expenditure, emphasizing its limitation to essential projects for commerce, such as infrastructure and education. Smith ...

When it comes to international taxes, including cross-border investments, the elimination of double taxation has become a crucial factor to take into account when conducting business both in In...

The Goods and Services Tax seems to be a fairly recent concept and this has been the start of a new chapter along the lines of taxation. The complex structure of taxation was replaced by the co...

The Hon'ble Supreme Court of India rendered about 1263 judgments in the year 2022 which is approximately double the number of judgments rendered in the previous year. With these many cases one ...

Money laundering is a process through which individuals or entities disguise the origins of illegally obtained funds, making them appear to come from legitimate sources. This complex financial ...

In the course of business, it happens that many payments are made outside India. When payments are made outside India, there are certain compliances that need to be followed and tax deduction i...

The article provides an in-depth analysis of how royalty income is treated under the India-US Double Taxation Avoidance Agreement (DTAA). It discusses the objective of DTAAs, their benefits, an...