Income Tax Appellate Tribunal

October 9, 2019

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

Goods and Services Tax Law

October 8, 2019

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 syste

Income Tax Appellate Tribunal under Taxation Law

October 5, 2019

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

Being an Entrepreneur in India

January 14, 2019

Introduction Whenever we start any discussion on start-ups, there come three words in our mind viz. freedom, courage, and passion. An entrepreneur can get his inspiration from many sources. Maybe you

Taxation Laws For NRIs Selling Property in India

November 30, 2018

NRIs wishing to sell their properties in India need to be aware of the taxation on the same. Let us have a look at the tax implications on the sale of property in India concerning the NRIs: Short-Term

Stamp Duty Over A Property In India

August 2, 2018

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 pers

Direct Tax

November 8, 2017

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 i

Indirect Tax

November 7, 2017

The purpose to levy taxes is that they create the basic source of revenue to the government, revenue so raised is put to use for meeting the expenses of government like defense, provision of education