Latest from Tax laws
Growing Food Inflation in India – How Bad Is It?
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...
Supreme Court Defines Federal Balance in Mineral Taxation: Landmark Ruling in...
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...
Goods and Services Tax's Affect on Indian Restaurants and Food Service Busine...
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...
The Indian Tax System: Principles, Evolution, and Contemporary Challenges
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...
Taxation of Former Indian Residents: Legal Gaps and the Need for a Framework
By DEVIKA RAJ
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 Necessity of Inheritance Tax in India: A Re-examination of the Policy Dis...
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 Coinage Act, 2011, and Its Implications on Legal Tender and Coin Transact...
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,...
Understanding CGST Fraud: A Growing Concern in India's Tax System
By Amit Sharma
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 ...
TAN Correction Online v.s Offline: Which Method is Better?
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...
Penalties for Non-Compliance with Section 206C of the Income Tax Act: Avoidin...
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...