Latest from Tax laws

Relationship Between Incidence Of Tax And Residential Status

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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...

The Fundamental Principle: No Tax Without Legal Authority

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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...

Partnership Company ITR Filing: All you need to know

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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...

What Are The Ways To Reduce Your Income Tax?

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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 ...

Adam Smith's Limited Support for Public Works: A Contemporary View from India

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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 ...

Tax Relief And Tax Planning Efficiency Of Double Taxation Avoidance Agreements

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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...

Union of India v/s M/S Mohit Minerals Pvt.Ltd And the Constitutional Dynamics...

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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...

Union of India v/s M/S Mohit Minerals Pvt. Ltd: A Comprehensive Analysis of t...

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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 ...

What Is Money Laundering With Example And Cases In Simple Terms?

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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 ...

All You Need To About Form 15CA and Form 15CB

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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...