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Income Tax Appellate Tribunal ...

GENERAL In tax adjudication, the Income tax Appellate Tribunal is the second appellate authority established under the Income-Tax Act, 1961. The Central Board of Direct tax has no control over it. The Income Tax Appellate Tribunal is a part of the Ministry of finance of central govt. but control over it is excercised by Ministry […]

Stamp Duty Over A Property In India

Stamp Duty Over A Property In India ...

Overview Possession is not sufficient for physical transfer of property as one also needs legal ownership of the said property. For ownership you need registration. At the time of registration, a person has to pay a government tax called stamp duty levied on property transaction. Stamp duty is a tax collected by the government and […]

Direct Tax

Direct Tax ...

Taxes are the basic source of revenue to the government. Revenue so raised is put to use to meet the expenses of government like defense, provision of education, health care, building infrastructure in the country and other purposes. Types of tax in India Indirect tax Direct tax Direct Tax Though the actual translation may vary […]