Category: TAX

Tax Implications on Freelancers

FREELANCING INCOME A freelancer is a person who is self-employed for a specific project on a timely basis, the income of which is taxed like just like other sources of income, upon such completion of work. The only difference between a freelancer and an employee of the company is the recognition, benefits, and perks that … Continue reading Tax Implications on Freelancers

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Validity of Digital Signatures in India

Introduction Signatures play a significant role in the field of law as well as in daily transactions. It is a symbolic representation of a person and signifies its intent to it. A signature verifies the legitimacy of a particular transaction. Digitization has transformed the business landscape. In online transactions, the handwriting signatures are prone to … Continue reading Validity of Digital Signatures in India

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Legal and Ethical Issues Faced By the Start-Ups in India

Introduction Start-ups are small growing companies founded by one or more entrepreneurs, they are at their initial stage of operation with a limited amount of capital and limited experience. The government of India has taken several initiatives to encourage the growth of start-ups in order to promote entrepreneurship and employment by providing easier IPR facilitation, … Continue reading Legal and Ethical Issues Faced By the Start-Ups in India

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Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions

The Bombay High Court vide its judgment dated 08.02.2021, has raised a new question instead of delivering an answer to the correct and firm interpretation of the legislation. In the case of Yogesh Jagdish Kanodia v. The State of Maharashtra & Anr., the primary issue before the Hon’ble High Court was to deal with the … Continue reading Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions

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A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required

Introduction Poverty is extensively characterised as a vicious circle. This is to say that there are various forces placed in a constellation (proverbial) that work together to keep a person poor or a group of people in the clutches of poverty. However, in mainstream politics, rarely is poverty discussed from the perspective of unjust redistribution … Continue reading A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required

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Trademark Valuation And Taxation

Trademark Valuation Trademark is defined as a mark (may include symbols, colour, shape, packaging of goods, etc.) that encompasses the capability to geographically represent and distinguish the goods or services of one party from other parties.It is a set of rights that enables the use of such marks by the owner to the exclusion of … Continue reading Trademark Valuation And Taxation

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Received Notice From GST Department – Key Points To Consider

Recently the GST Department has started issuing notices based upon the income tax returns filed by businesses and individuals or TDS credits reflecting in their Form 26AS. The move is aimed towards identifying cases where certain income although reflecting in Income Tax returns, has not been declared in the GST returns or no registration has … Continue reading Received Notice From GST Department – Key Points To Consider

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Advance Rulings – Much Ado About Nothing?

Background After the introduction of GST, it has become very common for the media to cover the recent updates in GST Law& decisions of the GST Council. In addition to these, the media also widely discusses the recent rulings pronounced by the various State Authorities of Advance Rulings. Not only have these rulings become a hot … Continue reading Advance Rulings – Much Ado About Nothing?

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New Beginnings – Taxation Practice

…but in this world nothing can be said to be certain, except death and taxes ― Benjamin Franklin These famous words by Benjamin Franklin are often used during discussions on the subject on taxes. Taxation is indeed a sensitive subject, with almost everyone having an opinion on it. Although taxes are certain, at times its … Continue reading New Beginnings – Taxation Practice

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Liability To Pay Service Tax Under Reverse Charge – Whether Tax Is Payable By The Service Recipient Even If Already Collected And Paid By Service Provider?

The basic principle governing indirect taxes is that the incidence of tax is borne by consumer and not by the person supplying such goods or services. The tax so charged and collected from such consumer is required to be deposited to the Government by the person supplying such goods or services, who is also required … Continue reading Liability To Pay Service Tax Under Reverse Charge – Whether Tax Is Payable By The Service Recipient Even If Already Collected And Paid By Service Provider?

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