Latest from Tax laws

Detail Analysis Of Tax Provision In The Time Of Demerger

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A demerger is a type of corporate reorganisation in which an organisation splits off a portion of its operations into a separate corporation. For a variety of reasons, an organisation may decid...

Case Analysis: Harshad Mehta vs Custodian, 1998

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Case Background It was in June 1992 that a massive income tax raid was conducted at the numerous premises of Harshad Mehta and family. Tonnes of shares, securities, books of account and docu...

Charitable Institutions Be Taxed Or Not?

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charitable institution means a public or private nonprofit, tax-exempt entity organised for charitable or public welfare purpose. These organisation depends on partly on donations and part...

Transferee Acquiring A Business As A Going Concern, Liable To Pay Income Tax ...

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Acquisition of business involves the acquisition of inherent tax exposure of the target company or business so acquired pertaining to the period prior to such acquisition. A question that arise...

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...