10 simple tips to lower your tax bill There’s nothing more demoralizing than watching your income get slashed by taxes. After all, it’s your hard-earned money, and you won’t like it go for whatever cause that may be. However, you can’t do much to avo ..
1. MANDATORY PAYMENT OF DUTY BASED ON PRODUCTION CAPACITY- FOR PAN MASAL AND GUTKA:On 01.07.2008, the Government came out with an notification making it mandatory to pay duty on Pan Masala and Gutka based on production capacity, i.e. number of packag ..
ANNEXURE ADUE DATES FOR SERVICE TAX 1. RegistrationWithin 30 days from the date on which service tax is levied or within 30 days of commencement of business whichever is later.2. Payment of Service Taxa. Payable by individuals, proprietary conc ..
As per Article 19 of Constitution of India, all citizens of India shall have the right: -Ø To freedom of speech and expression.Going though the above Article, I, am writing the following article: - I want to approach the kind attention of all ci ..
IT Act- BonamPartem; Rule of BonamPartem- IT Act, 1961; Lawful sense in IT Act, 1961- Rule of BONAM Partem. ..
If a minor child derives agricultural income , there is no provision under the Finance Act requring clubbing of such income with parent's total income for rate purpose. Only if minor child is assessable in respect of income derived from skill , tale ..
In case where the parents are non residents and the minor child is a resident derving income which accrues or arises outside India , the clubbing of such income does not arise as provisions of Section 64(1A) can not override the provisions of Sec ..
Pension:- It is a regular monthly amount paid by the employer to a former employee directly as a result of past employer - employee relationsip. Taxability Since pension is received by the employee, ht esame is taxable under the head "Income Fro ..
Delayed crediting o Delayed crediting of TDS punishable In a judgment that is sure to send shock waves down India Inc, the Supreme Court has held that defaulting companies and their directors can be prosecuted for delayed crediting of TDS. One compa ..
BASIC PRINCIPLES OF INCOME-TAX LAWBy: Justice R.K.Abichandani1.Constitutional Provisions : The Constitution of India vests the Parliament with plenary legislative powers to impose taxes on matters specifically enumerated in the Union List and all the ..
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
