Latest from Tax laws

Critically Analysing Section 14-A of Income Tax act,1961

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South Indian Bank Limited v/s Commissioner Of Income Tax was recently resolved by a Supreme Court of India, double bench comprising of Sanjay Kishan Kaul and Hrishikesh Roy, JJ. on September 9t...

The Muddle Of Taxation In Regulating Cryptocurrency In India

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In the Indian context, a market far from ripe for cryptocurrencies, is just as unpredictable as its legal framework is. The same uncertainty carries forward to the tax statutes that are suppose...

Comment on the Finance Act, 2021

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This paper will serve as a brief comment on the Finance Act, 2021 focusing on the effect of the various tax schemes on the corporate sector. As indicated by the Finance Minister in her speech o...

Understanding Indian Taxation on Film Industry before GST

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The press and electronic media derive their rights from the freedom of speech and expression available to the ordinary citizen under Article 19(1)(a) of the Constitution. The media enjoys no hi...

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...