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 ...