The Goods and Services Tax (GST) system has revolutionized indirect taxation in many countries by integrating various taxes into a single, unified structure. Registered taxpayers […]
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Understanding GST and Its Role in Indirect Taxation
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that has transformed indirect taxation in many countries. It is levied on every value […]
Understanding Improvement Expenses in Tax Law
Improvement expenses often become a point of debate in tax assessments, especially when taxpayers claim them to reduce capital gains. These expenses are not just […]
The Tax Revolution in India
Before the introduction of the Goods and Services Tax, India’s indirect tax system was a complex web of central, state, and local levies. Businesses had […]
Demystifying TDS on Interest from Securities: From Basics to Practical Mastery
Tax Deduction at Source on interest from securities is a concept that affects many investors without them fully realizing its impact. Interest income might seem […]
When Property Values Don’t Match: Understanding ATS–Sale Deed Discrepancies and Their Tax Implications
In the world of real estate transactions, precision in documentation is not just a matter of good practice; it is a legal necessity. One area […]
Section 87A Rebate and Special Rate Income: Navigating the Legal and Policy Crossroads
Section 87A is a provision in the Income Tax Act that offers relief to individual taxpayers whose income falls within a specific threshold. The main […]
The Power Behind the Survey: CBDT’s Role in Authorisation Under Section 133A
Section 133A of the Income-tax Act grants income-tax authorities the power to conduct surveys at business premises or any other location where relevant records, documents, […]
Introduction to Section 11 of the Income-tax Act
Section 11 of the Income-tax Act is a critical provision that governs the taxation of income received by charitable and religious trusts or institutions. It […]
The Fundamentals of National Income Accounting
National income accounting is a method used to measure the economic performance of a nation. It functions much like a detailed financial statement for a […]