Capital Gains Tax Exemptions under the Income Tax Act: When and How Much is Exempt? Capital gains taxation in India is a critical component of […]
Author: Raghu Unnam
5. Explain the term Dealer and Total Turnover” under VAT Act 2005
Understanding “Dealer” and “Total Turnover” under VAT Act, 2005: A Comprehensive Guide Taxation in India has gone through several structural changes over the past two […]
3. Give the history and development of Income-tax law in India
History and Development of Income Tax Law in India: A Detailed Overview The Income Tax system in India forms the financial backbone of the nation’s […]
2. Define “Perquisite”” and give a detailed account of perquisites exempt from Income Tax
Understanding Perquisites and Their Exemptions under Income Tax Laws (India) In the ever-evolving landscape of income tax laws, the term “Perquisite” plays a significant role, […]
30. Works Contract
What is a Works Contract in Simple Terms? A Works Contract is essentially a mix of both goods and services bundled into one contract — […]
29. Double Taxation Relief/ Double Taxation
What is Double Taxation and Why Does it Matter? Double taxation simply means being taxed twice on the same income — once in the country […]
28. Financial year and Assessment Year
Understanding the Basics: What is a Financial Year and Assessment Year? In simple words, the Financial Year (FY) is the year in which you earn […]
27. Input tax credit” under GST
What is Input Tax Credit and Why It’s a Game-Changer for Businesses? Input Tax Credit, or ITC, is like a cashback for businesses under GST. […]
26. Kinds of GST
Understanding the Different Types of GST The Goods and Services Tax (GST) is a unified indirect tax that replaced multiple taxes levied by the central […]
25. Person
Who is Considered a ‘Person’ in Income Tax? In Indian tax law, the term “person” has a broader meaning than in general usage. It does […]