Under the Income Tax Act, 1961, individuals earning income from salary or house property are eligible to claim various deductions that help reduce their taxable […]
Author: Sunny Shettipalli
26. a )Failure to furnish returns under section 271? b) Failure to pay Advance Tax?
Tax compliance is a crucial responsibility of every citizen and business entity in India. The Income Tax Act, 1961 outlines not only how income should […]
23. Explain the importance of place of supply under GST and SGST.
The Goods and Services Tax (GST) introduced a unified indirect tax regime in India, replacing a multitude of central and state taxes. Under this system, […]
21. Define income and explain the concept of Income tax.
The Income Tax Act, 1961 is the cornerstone of India’s direct taxation system. It lays out the legal framework for the collection of taxes on […]
18. Give a detailed note on procedure of Registration under GST Act, 2017.
The Goods and Services Tax (GST) Act, 2017 revolutionized India’s indirect tax system by introducing a single unified tax regime. A crucial part of compliance […]
16. Explain the salient features of the General Sales Tax Act.
Before the introduction of the Goods and Services Tax (GST) in India in 2017, the primary law governing the taxation on sale of goods was […]
15. Explain the procedure relating to registration of “Dealer” under APGST Act.
The Andhra Pradesh Goods and Services Tax Act (APGST), 2017, brought a unified and modernized system of indirect taxation to the state. Under this Act, […]
12. Write a note on Tax liability on composite and mixed supplies?
The Goods and Services Tax (GST) regime in India revolutionized the country’s indirect tax structure by subsuming multiple state and central taxes into a single, […]
10. What are the conditions precedent to be complied for claiming exemption of expenses incurred for the treatment of specified diseases under section 80DDB of the Income te tax4
Healthcare expenses, especially those related to critical illnesses, can take a significant toll on a family’s finances. Recognizing this burden, the Income Tax Act, 1961, […]
8. Define the term ‘Dealer’ and explain the different categories of dealers A.P. Value Added Tax Act 2005. covered by the AP Value Added Tax 2005.
The Andhra Pradesh Value Added Tax Act, 2005 (AP VAT Act), marked a significant shift from the traditional sales tax regime to a more streamlined […]