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...