Assessment under Indian Tax Laws refers to the process by which the Income Tax Department determines the correct amount of tax payable by an individual […]
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16. Foreign National Under Income Tax Act
A foreign national under the Indian Income Tax Act refers to an individual who is not a citizen of India but may still be liable […]
33. Income Tax.
Income tax in India is a direct tax levied by the central government on the income earned by individuals, Hindu Undivided Families (HUFs), companies, firms, […]
32. An Association of persons and A Body of individual Person under thePersons chargeable to/ Types of Persons under Income Tax Act
Under the Indian Income Tax Act, Association of Persons (AOP) and Body of Individuals (BOI) are important classifications of taxpayers. These terms are used to […]
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 […]
31. Cancellation of certificate of registration of Vat dealer
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 […]
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 […]