Taxation Laws
Cryptocurrency: A Legal Perspective
A cryptocurrency is a digital or virtual currency that is protected by encryption, making counterfeiting impossible.
Taxation Laws
Everything You Need to Know about Benami Transactions
People use this way of purchasing properties as a set formula to alter their black money in order to avoid paying large taxes.
Media Laws
Taxation for Social-Media Influencers
The profession of an influencer is evolving in response to changing societal requirements, and the tax system should follow suit.
Taxation Laws
An Analysis of The Income Tax Rules, 2021
Taxable income is the portion of an assesses income used to calculate how much tax they owe the government in a given tax year.
Corporate Laws
Reforms in Dividend Distribution Tax
A dividend is the distribution of income by company to its shareholders. It is derived from the Latin word ‘Dividendum’, means to be a share.
Social Issues
India’s take on Digital Tax
Some tax experts are of a view that such digital taxes could ultimately end up; hurting the businesses and people they are trying to protect.
Social Issues
A Peak into the Taxation of Online Gaming and ESports
It is essential to analyze the GST consequences and obstructions that may affect the industry’s overall business operations.
Taxation Laws
GST: Introduction, Registration Process and Filling
Introduction: The word “Tax” comes from the Latin word “Taxare” which means “to estimate”. Taxes in simple words refer to an involuntary contribution that is inflicted on the public by the government. Taxes were first introduced in 2800 B.C. to 3000 B.C. in Ancient Egypt. In India, the existence of Read more…
Taxation Laws
Income Tax Notice Response
Introduction: The word “notice” alone causes a lot of panic among taxpayers. Income Tax Notices not only get you in trouble, but they also keep you out of it. When an assessee files an income tax return, the income tax department evaluates it and gives assessment intimations, scrutiny notices, and so Read more…
Law of Contracts
Nature of Statutory Orders or Transactions for Supply of Goods and Services to Government
Introduction: A statutory order is a section of the law that adds to an existing section of the legislation. Statutory order is a type of Subordinate legislation. They are listed by the year they were passed as well as the number of times they were passed. Non-publication can be used Read more…
Case Law Analysis
Commissioner of Agricultural Income Tax, Bengal V. Sri Keshab Chandra Mandal [Air 1950 Sc 265: 1950 Scr 435]
Facts of the Case: In this case, the respondent was the assessee who received a notice under Section 24 (2) of the Bengal Agricultural Income-tax Act, 1944, he estimated an agricultural income of Rs. 335 as the response for the same. However, the Agricultural Income Tax Officer directed the office Read more…
Case Law Analysis
Seth Premchand Satramdas vs. State of Bihar [1951 AIR 14, 1950 SCR 799]
Introduction to the Case: The given case is dated 30th November 1950 and the presiding judges on the case were Fazal Ali, Saiyid Mukherjea, B.K Aiyar and N. Chandrasekhara. The judgment of this case was given by Justice Fazal Ali.[1] Procedural History The main reference in the given case was Read more…