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 […]
Author: Sunny Shettipalli
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 […]
6. “Taxation Power is derived from Article 265 of the constitution of India” Explain theobjet of Taxation.
Taxation plays a vital role in shaping the economic structure of a nation. In India, the power to levy taxes is not arbitrary—it is constitutionally […]
4. What are the objectives and salient features of Income Tax Act 1961
The Income Tax Act, 1961, is one of the most vital legislations in India. It governs the rules and regulations for levy, collection, and administration […]
1. Explain the method of calculation of gratuity and its treatment on retirement for Government and non Government employees under Income Tax Act.
Gratuity is one of the most valued retirement benefits offered to employees in India. It serves as a monetary expression of gratitude from the employer […]
20. Previous year
In the context of Indian taxation, the term ‘Previous Year’ holds critical importance. It refers to the financial year in which a taxpayer earns income […]
19. Assessment
In the realm of Indian income tax, assessment is the process by which the Income Tax Department evaluates the total income of a taxpayer and […]