Judgments
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C. Krishna Prasad Vs. C.I.T. Bangalore
Supreme Court of India Year : 1974
Surjit Lal Chhabda Vs. Commissioner of Income Tax, Bombay
Supreme Court of India Year : 1975
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
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
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
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
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
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
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
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