Banking & Insurance Law Intellectual Property Rights (IPR) Legal Articles Section 80EE of Income Tax Act, 1961 September 2, 2022 / September 2, 2022 by Lavanya Goinka | Leave a Comment Section 80EE of Income Tax Act 1961 Introduction It is the civic duty and moral responsibility of any citizen of a nation to pay taxes to help in running the infrastructure of any country. The tax collected from the citizens is used for various purposes, such as reformation, growth, and development of any country. The […] Read more » 80EE of Income Tax Act 1961 Eligibility for tax deductions under Section 80EE of Income Tax Act Financial institutions as defined under Section 80EE of Income Tax Act Income Tax Act 1961 Section 80EE of Income Tax Act 1961 Subject matter of Section 80EE of Income Tax Act Substitution of Section 80EE of Income Tax Act
Legal Articles Section 270A of Income Tax Act, 1961 August 23, 2022 / August 23, 2022 by Lavanya Goinka | Leave a Comment Introduction With urbanisation and industrialisation, there has been a tremendous increase in the salaries and incomes of people. As a result of that, they have to pay an income tax on their income. The Income Tax Act, 1961, deals with the provisions and procedures for paying tax. But the Finance Act, 2016 has brought several changes to the […] Read more » Income Tax Act 1961 Section 270A of Income Tax Act
Legal Articles Amendments, Clarifications, controversies & Litigation of issues related to Section- 40 (a) (ia) of the Income Tax Act, 1961 September 24, 2012 / September 24, 2012 by Anumita Sarkar | 3 Comments on Amendments, Clarifications, controversies & Litigation of issues related to Section- 40 (a) (ia) of the Income Tax Act, 1961 ANUMITA SARKAR Controversies evolving out of each amendment to section 40 (a) (ia) seem to have come to an end, thereby giving some sigh of relief to the assessees & their Tax Representatives, till the time it receives it’s final verdict from the highest judicial authority i.e. Supreme Court of India IDEOLOGIES OF TAXATION: Law […] Read more » AMENDMENTS TO SEC- 40 (a) (ia) assessee in default COLLECTION & RECOVERY OF TAX DOUBLE TAXATION FINANCE ACT 2008 FINANCE ACT 2010 FINANCE ACT 2012 IDEOLOGIES OF TAXATION Income Tax Act Income Tax Act 1961 PROVISIONS OF SECTION - 40 (a) (ia) Sec- 40 (a) (ia)Finance (No.2) Act 2004 Section 271C of the Income Tax Act SUB- CLAUSE (ia) to SECTION- 40 (a) (ia VALIDITY OF THE SECTION- 40 (a)(ia)
Legal Articles Direct Tax Code July 31, 2012 / August 1, 2012 by Shrey Raj Saxena | Leave a Comment Direct Tax Code vis-à-vis Income Tax Act,1961 Direct Tax: Direct tax is the tax which is charged directly on the tax payer. In other words direct tax is that tax that is deducted from one’s salary. In the general sense, a direct tax is one paid directly to the government by the persons on whom […] Read more » 1961 act BPT Branch Profit Tax Capital gains tax CBDT Central Board of Direct Taxes corporate tax Department of revenue Direct Tax Direct Tax Code Direct Taxation in India Double Taxation Avoidance Agreement DTAA enforcement of tax provisions GAAR general anti-avoidance rules income tax Income Tax Act Income Tax Act 1961 Income-Tax Department indirect tax Minimum Alternate Tax Ministry of Finance personal income tax Residential status of foreign companies Revenue Act Revenue Act 1963 Tax tax on corporate income tax policies tax provisions Taxation of Companies transfer tax Wealth Tax
Legal Articles Demerger – An Analysis December 13, 2011 / March 17, 2016 by Biswadeep Chakravarty | 1 Comment on Demerger – An Analysis Definition and Meaning of Demerger: Demerger is a form of corporate restructuring. One of the prime reasons why large corporate houses go in for demerger is to increase the role of specialisation in the particular segment. In case of large conglomerates, demerging entities often are the departments which are growing at an impressive rate and […] Read more » COMPANIES ACT 1956 Current Legal Provisions Relating to Demerger Demerger Demerger – An Analysis Income Tax Act 1961 Sections 391 to 394 of the Companies Act 1956 single window clearance
