Explore the intriguing history of Calcutta’s film industry pre-1947 and the income tax challenges faced by iconic artists, offering a delightful read for finance professionals.
This Article discusses, sources of revenue, its significance, methods of collection and its applications, as stated in the ancient Indian texts like Manu Smriti, Shanti Parva, Shukra-nitisara, Arthashastra and also contemporary Jain/Buddhist manuscripts, thereby giving the reader an insight into History of Taxation in India in ancient period.
Explore the history of death taxes, strange wills, and taxation tales from ancient times to the present. Discover how taxes on property and inheritance evolved over centuries
Explore the history and significance of philanthropy, trusts, and their taxation. Discover how these concepts have shaped society and contributed to charitable activities.
Explore the evolution of Union Finance and revenue sharing with provinces in India. Discover how financial resources are delegated for developmental works.
This is an article primarily aimed at the Officers who receive a lot of submissions against any pointed query. Sometimes, taxpayers tend to bye-pass the pointed query by furnishing huge irrelevant details, confusing the Officer.
Income tax Department maintains websites, which provide all the information to the taxpayers. At the same time, it archives the returns/documents of the taxpayers. Website of Income tax Department has won several awards for its useful and up to-date content. It facilitates grievance redressals.
Explore the exceptional case of Shree Changdeo Sugar Mills Limited. Learn how Income Tax officers successfully ran the business and realized dues.
‘Income tax’ is of a comparatively recent origin, first introduced as a ‘War Tax’ in England in the year 1798, by William Pitt. In the following year a 10 per cent, duty was imposed on all incomes above a basic limit. Under the 1799 Act of England, the taxpayer was ‘required to give a return of his income from every-source. In the year 1816 the tax was entirely withdrawn. An Act was introduced by Sir Robert Peel in 1842 formulating a code which to a large extent remains in force in England till date.
From the ancient time, retrospective law or ex post facto law has been a part of standard jurisprudence. It is neither an Indian creation, nor it is being used exclusively in India. Instances of its application to the International law as well as to the domestic laws of many countries have been cited in the article.
