Category: TAX

Taxation of Cryptocurrency : Navigating the uncharted waters

Introduction Cryptocurrencies have developed in the form of a revolutionary force in the financial sector across the globe, and this has taken place through the introduction of decentralized digital assets far and beyond the traditional banking infrastructure. However, the popularity and widespread acceptance of this financial innovation globally, have made governments grapple while dealing with … Continue reading Taxation of Cryptocurrency : Navigating the uncharted waters

Read more »

Black Money Blues: How Hidden Wealth Hurts India’s Tax Revenue

Introduction For a long period, progress has been shadowed by tax evasion, which involves intentionally hiding income or presenting false financial statements to avoid paying taxes. It does not simply include avoiding the payment of financial penalties; it also includes activities such as diverting funds from economic and social welfare projects. Such illegal activity includes … Continue reading Black Money Blues: How Hidden Wealth Hurts India’s Tax Revenue

Read more »

Utility Of Double Tax Avoidance Agreement

Introduction A Double Tax Avoidance Agreement (DTAA) is a tax treaty or agreement between two or more countries that prevents income received in both countries from being taxed twice. If a company in country A (origin country) invests in country B (source country) for building, the question is whether it is liable to pay tax … Continue reading Utility Of Double Tax Avoidance Agreement

Read more »

Asstt. IT v. Saurashtra Kutch Stock Exchange Ltd. Case Analysis – [2008] 173 Taxman 322 (SC)

Statement Of Problem The present research focuses on critically analyzing the case of Asstt. IT v. Saurashtra Kutch Stock Exchange Ltd of Taxation-I The research in this furtherance has analyzed the issues which were discussed in the instant case and what could be the proximate solution to such issues. Therefore, the researchers have tried to … Continue reading Asstt. IT v. Saurashtra Kutch Stock Exchange Ltd. Case Analysis – [2008] 173 Taxman 322 (SC)

Read more »

A Peephole Towards Fallacies In Dispute Resolution Mechanism In Taxation Disputes – A Cry For Arbitration

Introduction India was ranked 63rd out of 190 nations in the World Bank’s Report on the Ease of Doing Business (EODB), 2020. On three of the 11 indicators used to determine a country’s overall ranking in the EODB report, it still has a score below 100. These are paying taxes, registering real estate, and enforcing … Continue reading A Peephole Towards Fallacies In Dispute Resolution Mechanism In Taxation Disputes – A Cry For Arbitration

Read more »

Analysis of new Inserted Tax Deducted at Source (TDS) provision (Section194R)

Introduction To ease the burden of the assesses (general public who are taxpayers) to pay the tax on due date at the end of the financial year the Central Board of Direct Taxes (CBDT) deducts the tax at source on the due income before being credited to the general public. In this case, deduction is … Continue reading Analysis of new Inserted Tax Deducted at Source (TDS) provision (Section194R)

Read more »

Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

INTRODUCTION : THE GENESIS OF TAXATION IN INDIA The germination of the system of taxation can be referenced far back to the ancient times as traced under the writings of Manusmriti and Arthasastra. According to the Sastras, Manu, the ancient scholar and lawgiver, said that it is proper for the king to impose taxes. His … Continue reading Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

Read more »

Impact of Double taxation Avoidance Agreement in the Indian commerce sector. Part 2

Introduction The Double Taxation Avoidance Agreement facilitates elimination of double taxation. This agreement clearly caters the need of the NRI taxpayer communities who have grown exponentially in number in the last few years. With growth of the community the need of interpretation of DTAA along with Income Tax Act or 1961 grew immensely. With Introduction … Continue reading Impact of Double taxation Avoidance Agreement in the Indian commerce sector. Part 2

Read more »

An Introduction to Double taxation Avoidance Agreement.

Introduction With the exponential growth of trade and commerce in the globalised era, the spectrum of taxes associated with it has also expanded with it. However, the question remains, which country will be the recipient of taxes paid by the corporation- the origin country or the source country? As a solution to this, the treaty … Continue reading An Introduction to Double taxation Avoidance Agreement.

Read more »

GAAR : A Strong Step Against Tax Avoidance

INTRODUCTION Initially introduced in India through a Direct Tax Code Bill in 2009, General Anti-Avoidance Rules (GAAR) are covered under the umbrella of the Income Tax Act, 1961 and have been effective in the nation since 1 April, 2017. Much like any other nation, India too was plagued with multiple instances of tax avoidance wherein … Continue reading GAAR : A Strong Step Against Tax Avoidance

Read more »

Categories

Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • September 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010