a) a Hindu undivided family, b) a limited company c) an Individual d) Mention the penalties imposed under the following cases Understanding the Tax Residency […]
Author: Raghu Unnam
24. What is income? Write a brief note about the incidence of Tax ?
Introduction In the world of taxation, the term “income” goes far beyond just your monthly salary. Under the Indian Income Tax Act, 1961, income includes […]
22. What is tax evasion and tax avoidance? Discuss their effects and methods of prevention
Introduction Every government depends heavily on taxes for funding public services, infrastructure, and welfare programs. Yet, not everyone willingly fulfills their tax obligations. In India, […]
20. What are the various deductions allowed under the head salaries and income from house property ?
Introduction Understanding your tax deductions is a smart way to optimize your financial planning. Under the Indian Income Tax Act, income is classified under five […]
19. Explain how tax liability of an assessee is determined with reference to Residence ?
Introduction Understanding how tax liability is determined under the Indian Income Tax Act is crucial for every taxpayer, especially those with global income sources or […]
17. Who can be the member of the Appellate Tribunal ?
Who Can Be a Member of the Appellate Tribunal? – Explained Under Indian Income Tax Law In India’s complex taxation system, disputes between taxpayers and […]
14. Explain the distinguishing features of “Capital receipt” and “Revenue receipt”
Understanding the Distinction Between Capital Receipts and Revenue Receipts under Indian Income Tax Law When it comes to taxation and accounting, distinguishing between capital receipts […]
13. Discuss the scope of Tax Laws and the constitutional provisions relating to Tax
Scope of Tax Laws and Constitutional Provisions Related to Taxation in India In a growing economy like India, taxes form the backbone of government revenue. […]
11. Define Allowances? How many kinds of allowances are there? Provide and explain Allowances fully taxable under IT Act ?
Allowances under Income Tax Act: Meaning, Types, and Fully Taxable Allowances Explained If you’re a salaried individual in India, chances are that your monthly pay […]
9. Write a note on Administrative officers under IGST Act? What are their powers ?
Administrative Officers under the IGST Act, 2017: Powers and Functions Explained The Integrated Goods and Services Tax (IGST) Act, 2017 forms a core pillar of […]