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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 […]

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Where Does India Stand on Foreign Direct Investment?
Where Does India Stand on Foreign Direct Investment? ...

Overview: The advent of globalization manifested the ushering of Foreign Direct Investment (FDI) inflows during the past decade in developing countries, particularly in the Asian continent. Foreign direct investment (FDI) refers to “an investment made by a company or individual in one country in business interests in another country, in the form of either establishing […]

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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 […]

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