Decoding Income Tax: What Counts as Income Received or Deemed in India?
In realm of taxation, understanding the concepts of income received or deemed to be received…
Connecting to Legal World
In realm of taxation, understanding the concepts of income received or deemed to be received…
Table of contents Introduction Agriculture Income Exemptions from Tax on Agricultural Income in India Deductions…
What is depreciation in the Income Tax Act? Section 32 of the Income Tax Act…
Introduction Taxation is the pillar of any country’s economy, serving as the main source of…
Taxation is the pillar of every economy, powering public services, infrastructure, and social welfare schemes.…
The advent of the Goods and Services Tax (GST) in 2017 transformed India’s tax system…
INTRODUCTION India’s taxation system, anchored by the Income Tax Act, of 1961, thrives on mechanisms…
Taxes are essential for funding public services and infrastructure, but both individuals and businesses often look for ways to lower their tax bills. This blog explains the important difference between tax avoidance—legal methods to cut down tax payments—and tax evasion, which is illegal and can result in serious consequences. With real examples and important case studies, we examine the ethical issues surrounding these actions and the changing tax laws. Learn how to find the balance between responsible tax planning and illegal evasion, ensuring you follow the rules while managing your financial duties.
Taxes are crucial for maintaining a nation’s infrastructure and public services, including healthcare, education, and…
Introduction: Taxation is a fundamental pillar of any economy, yet traditional tax systems face challenges like inefficiency, fraud, and complexity. With the rise of Artificial Intelligence…