Taxation

Ashish M. Shaji

10 Sep, 2022

The Central Board of Direct Taxes (CBDT) expects that India might stand to gain in terms of tax revenues once the global tax deal gets implemented in the c...

Ashish M. Shaji

18 Oct, 2021

A person can create a fixed deposit account from a period as low as 1 year to as high as 10 years but do you know that 5 year fixed...

Akansha Gupta

16 Oct, 2021

When you operate your business, you may overlook several tax and compliance-related activities. Below mentioned is a list of tasks that you should be...

Akansha Gupta

27 Sep, 2021

In India, evading income taxes is a crime. Tax evasion is punishable by severe fines under Chapter XXII of the Income-tax Act of 1961, and in some circumst...

Shreya Patel

25 Jul, 2023

Concerning the Income-tax Act of 1961, the words "tax avoidance" are often implemented. Remembering tax evasion is categorically prohibited and punishable...

Ashish M. Shaji

09 Jun, 2022

Under the concept of income tax, the total income of an assessee for the previous year is taxable in the assessment year. The government's primary source o...

Ashish M. Shaji

23 Sep, 2021

Tax Planning, Tax Avoidance and Tax Evasion are separated by minuscule margin. Tax Planning is legal but not tax evasion, and as far as tax avoidance is co...

Ashish M. Shaji

15 Aug, 2021

Recently the Taxation Laws (Amendment) Bill 2021 was passed in the parliament, which intends to do away with retrospective tax provision and end retrospect...