Tax Laws in India

Section 194-N: TDS on cash withdrawal exceeding INR 1 Crore
Understanding The Basic Meaning And Concept of Money Laundering
Anti-Profiteering Under GST
A Critical Analysis of Interim Budget, 2019 through the glasses of a Legal Apprentice
GAFA Taxation System: An Introduction
Tax laws in India
TDS on immovable property u/s 194-IA of Income Tax Act,1961
GST on Export of Services Abroad: Five Interesting Points
Reverse Charge mechanism in GST
The grey aspects of input tax credit under GST regime
Power to summon under the taxation laws including the new GST Act
Brief Study of Section 269ST of Income Tax Act, 1961
Precautions to be taken while entering into a Real Estate Transaction
Assessment of Partnership Firms under income tax act,1961
Commissioner Appeals And Revisions Under Income Tax Act,1961
Scrutiny selection on the basis of AIR transactions under income tax act, 1961
Input tax Credit laundering and parallel economy in GST regime
Start-Ups: Tax or No Tax?
GST on Petroleum, Natural Gases and Airline Turbinal Fuel
Analysis of Atiabari Tea Co Ltd. v/s The State of Assam
How banks can deal with the notice from Tax authorities in India
The tax you should be paying

Harmful Effects of Tax Competition: Tax Competition relates to the phenomenon where a sovereign state having the ability and competence tends to affect the tax system of another country intentionally or unintentionally by incorporating various tax differentials in its domestic tax system.

Goods and Service Tax (GST) Working In India
On passing of 122nd Amendment Bill 2014 from the Parliament GST will get implemented to subsume the Excise duty, Additional Excise duty, Service Tax,Countervailing or additional Custom duty besides this the indirect taxes on State level.

Applicability and Exemption under Central Goods and Services Tax Act, 2017:
Central Goods and Services Tax Act, 2017, Integrated Goods and Services Tax Act, 2017 & Central Goods and Services Tax Rules, 2017, Amendment Rules, 2017 and (Second Amendment) Rules, 2017

Delegation of Taxation Power:
One of the most significant developments of the present century is the growth in the legislative powers of the executives

NRIs, PIO and OCI to Share Tax Info Under FATCA/CRS Agreement
Emigrants from India, including NRIs, OCIs & PIOs, have to share their tax information with the country of their origin and the country where they live.

SEZ Eligibility under SEIS Scheme
SEIS is one of the export promotional scheme under FTP2015-20.SEIS are export promotional scheme to encourage service providers towards export contribution, thereby helping the country towards inflow of foreign exchange.

Taxing Foreign Income of Company:
Taxation of foreign income entails the taxation by one country of income that its residents earn in another country.
Tax incidence of an individual solely depends upon his residential status

Pre-requisite of Taxes: A perk is an additional benefit provided by an employer, in cash or in kind, apart from regular salary and allowances.
It may be in cash or in kind and results in a personal benefit to the employee

Can Sales Tax be levied on sale of Lottery Tickets: the question of levying of sales tax on sale of lottery tickets has been raised time and again

Securitisation: A Boon for the Banking Sector: With advent of the Recovery of Debts Due To Banks and Financial Institutions Act,
 1993 there was a great hope within the banking circle

Outward Transit Insurance - Whether Part Of Taxable Sale Price: Contract of sale can either be Ex works contract or F.O.R contracts

Advance Ruling Under Vat Acts: A major tax payer friendly initiative in the shape of Advance Ruling has been taken by the
State of Haryana in its VAT Act

Policies, Incentives of Central Excise and Customs related rto SSI: Central Excise duty is an indirect tax, collected by the manufacturers of goods.
Essentially it is a duty on

Fiscal Federalism In India: "An Insight Into The Concept And Structure Of Sales Taxation " India has a federal form of government, and
hence a federal finance system.

Taxation For E-Commerce- A Global Perspective: The task of taxing commerce on the Net is daunting, since the data flowing through.

Tax Form in India: Free Download legal Forms, passport, Company Registration Forms, Schedule Caste (SC/ST) Certificate, Backward Class,
Marriage Registration, Lok Adalat, legal Aid, Newspaper Registration, Click here for more Law forms in India

The Bhopal Gas Tragedy: On Whether and How the Indian Companies Act, 1956 can be used to make a case for imposing social responsibility on corporations:
As far question of corporate social responsibility in case of Bhopal gas tragedy arises only speculation can be made of what will happen in future till then we have
to wait and watch as there is no existing provision in company law which enforces such obligation of social responsibility

Interpretation of taxing statute as strict construction and exemption: Taxation is statutory filed. No tax can be levied and collected except according to the authority
of law. There is fiscal legislation every year much of it prepared in great secrecy and under server pressured of time, and it directly affects most people. This legislation
is complicated and elaborated because of intricate prepositions it has to express, and the verity of circumstances and conditions in which it falls to be applied and the
refined distinctions it embodies in order to attempt to cater expressly for them. Consequently, the body of tax statues as whole is voluminous and complex in structure
as well as in concept and expression. There is another reason for the fiscal legislation being complex and complicated. In fact, taxes are as complex as life.

Feasibility of GAAR for removing the practice of Tax Avoidance: Internationally, tax avoidance has been recognized as an area of concern and several countries have expressed concern over tax evasion and avoidance. This is also evident from the fact that either nations are legislating the doctrine of General Anti-Avoidance Regulations in their tax code or strengthening their existing code. General Anti-avoidance Rule (herein referred as GAAR) is a concept which generally empowers the Revenue Authorities in a country to deny the tax benefits of transactions or arrangements which do not have any commercial substance or consideration other than achieving the tax benefit. Denial of tax benefits by the Revenue Authorities in different countries, often by disregarding the form of the transaction, has been a matter of conflict between the Revenue Authorities and the taxpayers.

The Double Tax Avoidance Agreement between India and Mauritius: The Double Tax Avoidance Agreement ( herein referred as DTAA) entered into between India and Mauritius provides for potential tax exemption to the foreign investors because of which Mauritius is considered as one of the preferred route for making investments into India, which exempts capital gains tax arising on sale of shares of an Indian company.

Tax privileges for import of energy-saving equipment into Ukraine: Ukrainian businesses that import energy-saving products such as energy-saving materials, equipment and components into Ukraine are exempted from payment of import duty and value added tax (VAT).

The Irony of Taxing the Environment to Protect It - A UK Perspective: the hypothesis which I mentioned earlier is proven to be correct because in my hypothesis I mentioned that Exemption Notifications have to be strictly construed; if exemption is available on complying with certain conditions, conditions have to be complied with which is true because if the condition for taking exemption for tax relief is not fulfill then exemption will not be granted, exemption or tax relief will be granted only when the essential condition which are complying with must be fulfilled. In this last chapter I also conclude that the taxing statute is also strictly constructed as all statutes are interpreted strictly because each and every statute should be interpreted in a strict manner.

Deductions Under Section 80d & 80e Of The Income Tax Act: deductions provided by section 80C, which currently has the limit up to `100000/- ; there are deductions provided to the assessee in our income tax law other than these as well. Two significant amongst these are: Firstly, deduction on insurance premium paid on taking Medical insurance policy and Secondly, deduction on interest paid on education loans

Undue Hardship Under Section 35F of the Central Excise Act ANF 129 E of the Customs A: Paper focalizes on Section 35F of the Central Excise Act, 1942 and Section 129E of the Customs Act, 1962. An attempt is made to interpret the word undue hardship which appear in both the sections. Since both the section are verbatim the same and for this reason the author would be using them interchangeably, so that the nerve of the judiciary may be studied in most effective way.

Silent Features of GST Bill 2016
Detailed discussion on the much awaited and discussed Goods and Services Tax bill 2016 and its silent features detailed in Question and Answer.

Non Resident Indian under Income Tax Act, 1961
Section 6 of the Income Tax Act contains the detailed criteria as in who can be called resident of India. The present article describes the non resident Indian as defined under the act.

Tax Implications on Business Reorganization Schemes
Corporate reorganization and corporate restructuring are interchangeable terms. There are various manners in which a corporate reorganization could take place but let us first look into the reasons as to why a corporation would go for such a change. One reason could be to reduce the risks involved on business and others could be to deal with the tough competition in the market.

General Anti Avoidance Rule GAAR
Internationally, tax avoidance has been recognized as an area of concern and several countries have expressed concern over tax evasion and avoidance

Valuation of excisable Goods for the purpose of charging excise Duty: Valuation of excisable goods is relevant in the context of goods, which are chargeable to ad valorem levies

Leave Encashment: Leave Encashment is taxed differently for following types of employees.

Analysis of value added chain (Value Added Tax):

Salary Tax: Money which you earn from different sources is taxed differently. So if you are a salary earner, your salary income to be taxed will be calculated in a different way from gains

Allowances: The exemption of House Rent Allowance (HRA) received is exempt to the least of the following

Canons of Taxation: basic principles of taxation have remained more or less unchanged for the past 220 years

Tax on Works Contract: The Supreme Court recently agreed to reopen the case of sales tax on works contracts. Notices have been served