Under Indian Tax Laws, particularly the VAT (Value Added Tax) regime which was implemented by individual states before the introduction of GST, the cancellation of […]
Category: LLB 6th Sem Law of Taxation
Osmania Univerisity 3YDC 6th SEM Law of Taxation
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 […]
15. Assessment Year
In Indian tax laws, the Assessment Year (AY) is the 12-month period starting from April 1 to March 31 of the following year in which […]
24. Due dates of advance tax payments other than Individual & HUF
Understanding Advance Tax for Non-Individuals Advance tax is the payment of income tax in installments throughout the financial year instead of a lump sum at […]
14. Income Liable to Tax
In India, income liable to tax refers to all income earned by a person that falls under the scope of taxation as defined by the […]
10. Income from House.
Income from house property is one of the five heads of income under the Indian Income Tax Act, 1961. It refers to the rental income […]
9. Residential status
The residential status of an individual is a crucial factor in determining their tax liability under Indian Income Tax Law. It determines the scope of […]
13. Agricultural Income
Agricultural Income refers to the revenue earned from agricultural activities like farming, harvesting, and renting agricultural land. Under Indian tax laws, agricultural income is exempt […]
8. Article 265 of the Indian Constitution
Article 265 of the Constitution of India lays down a fundamental principle of taxation in the country. It states: “No tax shall be levied or […]
23. Long term Capital gains
Understanding Long-Term Capital Gains (LTCG) Long-Term Capital Gains (LTCG) refer to the profit earned from the sale of a capital asset held for a longer […]