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Mutuality under The Income Tax Act – Origin & Development
By Rahul Agarwal* & Rishabh Srivastava** : Mutuality under The Income Tax Act – Origin & Development Read More ...
Hindu Undivided Family, Female Coparcener and her rights clarified by the three judges’ bench of the Supreme Court
By B. V. Jhaveri, Advocate, Kevin M. Boricha, Student, CA & Law: Hindu Undivided Family, Female Coparcener and her rights clarified by the three judges’ bench of the Supreme Court Read More ...
Admission And Retraction In Income-Tax Survey And Search And Relevancy Of Electronic Evidence
By Narayan Jain, Advocate: Advocate Narayan Jain, Kolkata presented a paper on “Admission and Retraction in Income-tax survey and search, and relevancy of electronic evidence” during a virtual National tax conference organized by The All India Federation of Tax Practitioners (AIFTP) (West Zone). The session was chaired by Dr. K. Shivaram, Senior Advocate, Mumbai. Read More ...
International Taxation- Analysis of Basic Concepts and Case Laws with Comments.
By Arjun Gupta: An Article on International Taxation which explains the basic concepts with the aid of case-laws along with comments on such case laws which might interest readers. Read More ...
TCS at the time of Receipt or Invoicing: Confusion & Clarifications
By CA Naresh Jakhotia: Law implemented without considering the administrative convenience to the taxpayers can never be a good law & is against the basic concept of providing ease of business. One such provision is with regard to recently introduced provision on Tax Collection at Source (TCS) which is effective from 01/10/2020. Now, every person whose turnover in the… Read More ...
WHY BANKS FAIL IN INDIA
By T S Ramani: The FRDI BILL should include the creditors also, in running/ managing the banks. A Legal Provision has to be created in the FRDI BILL by legislature/ government/ regulator to give the creditors option of representation in the management of these banking businesses in a quid pro quo for bail-ins as an equitable first principle. The… Read More ...
Pre-Covid Presumptive Incomes – Not a Valid Presumption for Post-Covid Era
By CA Rakesh Kedia: Tax laws need to be responsive to the prevailing economic situation. Government has made number of changes in Income Tax Law to make it fall in line with the changed economic scenario on account of pandemic. However, presumptive taxation has not yet caught the attention of government. The reduction in presumptive income will go a… Read More ...
NON-RESIDENT INDIAN’S WILL तथा अनिवासी भारतीयाचे इच्छा पत्र
By dinkar parasharam bhave , advocate Bombay High Court : Executive Summary: An elixir of immortality is more philosophical than practicable. No one can have eternal life. So, one has to plan about one’s exit leaving behind all material gains like movable/immovable property to survivors, kith and kin. A citizen of India having chosen to stay abroad for an employment or other purposes may have… Read More ...
Benami Law- Jurisdiction of IO-A perspective
By S,C.Gupta: Plain reading of PBDT indicate that jurisdiction of IO can be conferred u/s 18(2). However, Notifications conferring jurisdiction have been issued u/s 28(2) which pertains to Administrator of confiscated properties. Can this withstand judicial scrutiny.. Read More ...
What is the concept of “month” while computing limitation period under the Custom Act?
By CA Meenakshi Arora: When the period prescribed is three months (as contrasted from 90 days) from a specific date, the said period would expire in the third month on the date corresponding to the date upon which the period starts. As a result, depending on the months, it may mean 90 days or 91 days or 92 days… Read More ...