The Income Tax Act, 1961 is the cornerstone of India’s direct taxation system. It lays out the legal framework for the collection of taxes on […]
Archives
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 […]
18. Give a detailed note on procedure of Registration under GST Act, 2017.
The Goods and Services Tax (GST) Act, 2017 revolutionized India’s indirect tax system by introducing a single unified tax regime. A crucial part of compliance […]
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 […]
16. Explain the salient features of the General Sales Tax Act.
Before the introduction of the Goods and Services Tax (GST) in India in 2017, the primary law governing the taxation on sale of goods was […]
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 […]
15. Explain the procedure relating to registration of “Dealer” under APGST Act.
The Andhra Pradesh Goods and Services Tax Act (APGST), 2017, brought a unified and modernized system of indirect taxation to the state. Under this Act, […]
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. […]
12. Write a note on Tax liability on composite and mixed supplies?
The Goods and Services Tax (GST) regime in India revolutionized the country’s indirect tax structure by subsuming multiple state and central taxes into a single, […]