Section 22 of the Income Tax Act, 1961, states that the income from house property will be charged under this head. The term “house property” includes any building or land appurtenant thereto. The ...

India has robust legal provisions to distinguish between tax avoidance and evasion: 1. Income Tax Act, 1961: Sections 139 and 271 prescribe penalties for non-disclosure of income. 2. General ...

I will discuss the various modes for starting the if you are planning the start the finance business in india. Application Form: Get the specified application form from the respective authority ...

This Department is regulating import of pet dog and pet cat under the Live-stock Importation Act. 1898. The procedure for import of live animals into India has been notified vide S.O. 1495 (E). dated ...

On March 4, 2025, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 06/2025-Customs, modifying its existing guidelines on the disposal of Unmanned Aircraft Systems (UAS), ...

The taxation system in India is evolving with economic reforms, digitalization, and global influences. Key trends include the ...

A “WOS” (Wholly Owned Subsidiary) of a foreign company in India is required to file a “BEN-2” form with the Registrar of Companies (RoC) to declare its “Significant Beneficial Owners” (SBOs) ...

Gujarat State Police Housing Corporation Ltd. Vs Union of India & Anr. (Gujarat High Court) Gujarat High Court has set aside the rejection of a refund claim by Gujarat State Polic ...

Deloitte Haskins & Sells,” challenged a notice issued under Section 148 of the Income Tax Act, 1961. The petitioner sought quashing of the notice and requested that the Income Tax Department be ...

Rajasthan High Court dismissed the writ petition filed by Agarwal Polysacks Limited challenging the reassessment proceedings initiated under Section 147 of the Income Tax Act. The company received a ...

The AO argued that since the assessee was a Managing Director overseeing day-to-day operations, an employer-employee relationship existed, making the income taxable under the head “salary.” However, ...

The Kerala High Court had earlier addressed the grievances of the appellants, whose premises were searched under Section 74 of the CGST/SGST Act, leading to the seizure of ₹39,70,760. The GST ...