Tax is a mandatory financial charge or levy imposed by the Government on individuals, businesses, or other entities to generate revenue for public expenditure. In […]
Category: LLB 6th Sem Law of Taxation [Short Answers]
Osmania Univerisity 3YDC 6th SEM Law of Taxation
11. PAN
PAN, or Permanent Account Number, is a 10-character alphanumeric identifier issued by the Income Tax Department of India to individuals, companies, and other entities. It […]
21. Declared goods
What Are Declared Goods? Declared goods, as per Indian tax laws, are those goods that have been classified by the Central Government as being of […]
2. Advance Tax
Advance Tax is a system under Indian taxation wherein taxpayers are required to pay their income tax liability in installments during the financial year itself, […]
1. Total Income
In India, the concept of “Total Income” is at the heart of the Income Tax Act, 1961. It forms the basis on which an individual, […]