Centre notifies new Rules [Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021; to settle the controversial retrospective tax case concerning Vodafone. INTRODUCTION Last year, Vodafone won…
read moreRecently, in a case, the Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad held that when there is a dispute with respect to interpretation of law, the malafide intention or…
read moreIn the recent case of ITAT, the tribunal held that the exemption cannot be disallowed under India-Austria Double Taxation Avoidance Agreement (DTAA) only for want of Tax residency certificate. According…
read moreIn a recent matter of Delhi High Court, it was observed that the deduction can be made on the account of employment given to new workmen. According to facts of…
read moreRecently, in a case, the Income Tax Appellate Tribunal, Hyderabad Bench observed that the power to review its own order undersection 254 of the Income Tax Act, 1961 would not…
read moreAccording to the facts of this case, M/S S.R. Trust is a public charitable trust and is enjoying exemption under the Income Tax Act, 1961. It is running a hospital…
read moreThe author has explained the intricacies and meaning of Section 54 of the Income Tax Act, 1961 in the present Article. Section 54 of Income Tax Act: Exemption for Capital…
read morePresent Article explains the rationale of Section 17(3) of the Income Tax Act, 1995 i.e. Income from Salary. What Section 17(3) of Income Tax Act, states? Any payment received or…
read moreThis is a critical analysis on Insolvency and Bankruptcy Code, 2016 (IBC) Introduction In India, before the advent of IBC, the Insolvency Resolution Process involved several legislations. There was no…
read moreShreya Srivastava | Symbiosis Law School, Hyderabad | 4th July 2020 Tax Residency for Individuals in India Tax assessment from an individual relies upon his private status in the nation.…
read moreSaptaswara Chakraborty| North Eastern Hill University| 29th June 2020 Introduction In recent times, Intellectual Property protection has gathered an immense amount of attention in the contemporary technologically advanced world. Various…
read moreShreya Srivastava | Symbiosis Law School, Hyderabad | 29th June 2020 Income from Family Pension Family benefits are characterized as a customary month to month sum which a business will…
read moreShreya Srivastava | Symbiosis Law School, Hyderabad | 26th June 2020 Recovery of Tax Where any sum payable by an individual to the Government under any of the arrangements of…
read moreShreya Srivastava | Symbiosis Law School, Hyderabad | 24th June 2020 Equalisation Levy was presented in India in 2016, with the expectation of burdening the advanced exchanges, for example, the…
read moreShreya Srivastava | Symbiosis Law School, Hyderabad | 24th June 2020 A carbon credit is a tradable grant or authentication that gives the holder of the credit the option to…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad | 19th June 2020 Minimum Alternate Tax (MAT) Organizations can decrease their expense obligation through different arrangements of the Income-Tax Act, for example, exceptions, reasonings,…
read moreKalpana Borjha | Kalinga University | 19th June 2020 Introduction: A family business is a commercial organization where decision making is influenced by multiple generations of a family, who are…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 19th June 2020 The Dividend Distribution Tax is an assessment exacted on profits that an organization pays to its investors out of its benefits. The…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 18th June 2020 Introduction The tax assessment in India is one of the subjects over which both the national government ('Center') and the constituent ('States')…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 17th June 2020 FICA and SECA The Federal Insurance Contributions Act (FICA) is a U.S. law that orders a finance charge on the checks of…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 17th June 2020 In a word The 2017 assessment change compromise act (the Act) — the biggest update of the US charge code (the Code)…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 15th June 2020 Introduction Employment taxes are required by employers to deposit and these taxes are supposed to be reported on quarterly bases. Withholding employees…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 13th June 2020 Employment Tax The tax paid to state, federal, and local agencies by the person, person’s business, and by person’s employees are the…
read moreShreya Srivastava|Symbiosis Law School, Hyderabad| 11th June 2020 Assessment Year Section 2(9) of the Act defines ‘assessment year’ as the twelve months starting from 1st April every year and ending…
read moreShreya Shrivastava|Symbiosis Law School, Hyderabad| 10th June 2020 Introduction Indirect taxes are imposed on the retailer or producer who is an intermediary in the supply chain. But it is recovered…
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