What is Double Taxation and Why Does it Matter? Double taxation simply means being taxed twice on the same income — once in the country […]
Category: LLB 6th Sem Law of Taxation
Osmania Univerisity 3YDC 6th SEM Law of Taxation
42. Persons Not Liable for Registration under GST
Under the Goods and Services Tax (GST) regime in India, registration is a critical compliance requirement for businesses. However, not every individual or entity supplying […]
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 […]
41. Income Tax Authorities
Income Tax Authorities in India: Roles, Powers, and Legal Backing In India, Income Tax Authorities are empowered officials under the Income Tax Act, 1961, responsible […]
40. Reverse Charge Under GST
Understanding Reverse Charge Mechanism (RCM) under GST: A Simple Guide The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) in India flips […]
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 […]
39. Defective Return U/s 139(9)
Defective Return under Section 139(9) of the Income Tax Act, 1961 – Explained Filing your income tax return (ITR) correctly is crucial to avoid unnecessary […]
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 […]
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. […]
38. Indirect Tax
Indirect tax refers to a type of tax that is not directly paid by an individual to the government but is instead levied on goods […]