Latest from Tax laws
The Coinage Act, 2011, and Its Implications on Legal Tender and Coin Transact...
The concept of legal tender forms the backbone of monetary transactions, enabling the seamless exchange of goods and services. However, the Indian legal framework, specifically The Coinage Act,...
Understanding CGST Fraud: A Growing Concern in India's Tax System
By Amit Sharma
The introduction of the Goods and Services Tax (GST) in India was a landmark step towards simplifying the country's indirect taxation system. Launched in July 2017, the GST aimed to streamline ...
TAN Correction Online v.s Offline: Which Method is Better?
Tax Deduction and Collection Account Number (TAN) are critical for corporations and professionals handling TDS (Tax Deducted at Source). However, errors in TAN info can lead to compliance issue...
Penalties for Non-Compliance with Section 206C of the Income Tax Act: Avoidin...
Introduction to Section 206C of the Income Tax ActSection 206C of the Income Tax Act requires sellers to acquire Tax Collected at Source (TCS) on detailed items, including alcohol, timber, minera...
General Features of the Banking Regulation Act, 1949
The Banking Regulation Act, 1949 is a cornerstone of India’s banking laws, providing a robust regulatory framework aimed at maintaining the stability and integrity of the banking system. The ...
Common Mistakes to Avoid When Filing ESC Nil Return
Filing an ESIC Nil Return is a vital compliance requirement for employers beneath the Employees' State Insurance Corporation (ESIC) Act in India. This go back is filed when there are not any pe...
Supreme Court's Landmark Verdict in Safari Retreats Case: A Ray of Hope for D...
By Amit Sharma
On October 3, 2024, the Supreme Court issued its ultimate ruling in the matter of Safari Retreats Private Limited. In addition to developers building malls, other industry participants building...
How Digitalization is Simplifying Nil TDS Return Filing in India
In the evolving landscape of taxation in India, digitalization has changed the way businesses and people manipulate tax-related obligations. One such location that has visible huge development ...
The Role of Section 10AA of the Income Tax Act in Promoting Sustainable Growt...
India's Special Economic Zones (SEZs) have become a key driver of monetary development by using fostering export boom, creating jobs, and attracting overseas investment. Among the several incen...
Tax Evasion And Tax Avoidance: Impact On Indian Economy
By Manan
This Research paper provides a background to understand the impact of tax avoidance and tax evasion in India. As we all know, tax evasion is the intentional non-payment of taxes by taxpayers, w...