Raja Benoy Kumar Sahas Roy V/S C.I.T
Whether the income arrived comes under the definition of "Agricultural
Income" or not?
Petitioner: The Commissioner Of Income-Tax, We...
Facts of the case:
Here Respondent owns 6000 acres of forest of sal and piyasal trees.
The forest was of spontaneous growth and it was 150 years old.
Respondent used to sell those trees and...
Goods and Services Tax (GST) as introduced in 2017 has the objective to fulfil
the notion of One Nation One Tax One Market. It is a form of indirect tax which
combined nearly all the taxes levi...
Goods & Services Tax is a form of Indirect tax which is mainly levied by the
government on goods and services being provided and not on the income, profit or
revenue of a person. Under GST ...
This is a case analysis of a renowned case, R.K. Jain Vs Union of India & Ors.
(1993), which was a Writ Petition in the form of a P.I.L. The case has been
summarized and analyzed under the ...
The main significance in the present case is that this case involved a
controversy between the working of two Acts: The Tobacco Board Act of 1975,
enacted by the Parliament, and the Bihar Agric...
Decoding Mutual Funds Registered Under SEBI
Mutual funds are registered under the Indian trust act 1882. They are private
trusts that are publicly traded on the stock exchange.
To understand ...
There's nothing like an explosion of blockchain news to leave you wondering
what the NFT's
What are NFTs? What does it stand for?
NFTs are non-fungible tokens that we can use to represent own...
Under section 2(31) of the Income-tax act, 1961 Hindu Undivided Family (HUF)
is treated as a 'person'. A Hindu Undivided Family is assessed to income tax as
a separate independent unit. The mea...
GST on Food and Restaurants:Good and Services Tax on food services items in India can be 5%,12% or 18%. Its
depends upon the location of the restaurant and its establishment type, location