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Income Tax Appellate Tribunal under Taxation Law

Income Tax Appellate Tribunal under Taxation Law

GENERAL In tax adjudication, the Income Tax Appellate Tribunal (ITAT) 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 Government but control over it is exercised by […]

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 […]

Goods and Services Tax Law

Goods and Services Tax Law

Overview: India being a federal State, there is a division of powers between centre and state. To fulfil their duties they collect resources by applying tax differently. So there is multiple tax system in our nation. But multiple tax system has created a lot of burden on consumers and made everything complicated. To make tax […]