Explains how the distinction between revenue and capital receipts affects taxability under the Income-tax Act. Highlights judicial tests used to determine the true nature of receipts.
Explains how India introduced the Equalisation Levy to tax foreign digital companies without physical presence. Highlights its impact, scope expansion, and associated legal challenges.
This article explains how annual value is calculated under Section 23 and why it forms the foundation of taxable income from house property. It highlights judicial principles governing fair rent, vacancy, and municipal tax deductions.
The UAE’s digital success is driven by strong infrastructure, tax clarity, and disciplined business setup. Proper licensing, compliance, and structured scaling determine long-term profitability.
The Supreme Court held that GST Council recommendations are persuasive, not binding, reinforcing legislative autonomy under Article 246A while preserving cooperative federalism.
While income tax slabs appear progressive, heavy reliance on GST raises questions about real distributive fairness. The article examines whether India’s tax structure is progressive in effect, not just design.
India’s tax laws reflect progressive principles, but reliance on GST raises fairness concerns. The key issue is whether equity exists in practice, not just in design.
GST’s fully digital compliance system has improved transparency but created challenges in areas with limited digital infrastructure. The piece assesses how portal dependence and amendment fatigue affect small business sustainability.
This guide explains how Section 22 taxes house property based on annual value rather than actual rent. It covers computation steps, deductions under Section 24, and treatment of self-occupied and let-out properties.
The sharp reduction in RoDTEP rates under Notification No. 60/2025-26 directly impacts exporter margins and ERP accruals. Finance teams must update systems, reassess pricing, and protect profitability without delay.
