This article is written by Anam Siddiqui of BALLB of 3rd Semester of Sadanlal Savaldas Khanna Girls Degree College, Prayagraj , an intern under Legal Vidhya. Abstract: In this competitive life, everyone wants to amass profit or profit giving assets. Nowadays, almost everyone owns land, house (whether small or big), Read more…
This article is written by Lahari Vennam of KL University, Andhra Pradesh, an intern under Legal Vidhiya. ABSTRACT Taxes on income must be paid to the government by all income earners. Taxes on all types of income, such as wages, profits from enterprises, and capital gains, are covered. The amount Read more…
This article is written by Ridhika Manchanda of 2nd Semester of Maharaja Surajmal Institute, IP University, Delhi Abstract This article presents a comprehensive understanding of the advance payment of tax in the Indian taxation system. It emphasises the significance of this concept for both taxpayers and the government, as it Read more…
This article is written by Anjali Sanyal, an intern under Legal Vidhiya ABSTRACT The concept of “Previous Year” and “Assessment Year” is of paramount importance in the field of taxation law. Understanding these terms is crucial for both individuals and businesses to fulfill their tax obligations accurately. This abstract provides Read more…
This article is written by Hari Anand Singh Soni of 3rd Semester of Iswar Saran Degree College of University of Allahabad, Prayagraj Abstract A tax is a financial obligation levied by any government on its citizens or an organization to collect revenue for nation building providing the best facilities and Read more…
This Article is written by Ishtmeet Kaur, Rajiv Gandhi National University of Law (RGNUL), 1st Semester, An intern at Legal Vidhiya ABSTRACT This article aims to understand the concepts of deduction, refund and tax authorities, given under the Income Tax Act, 1961. Apart from this, we will also compare that Read more…
This article is written by Chirayu Singh Thakur of 2nd Semester of School of Law, MIT WPU. Abstract: Tax evasion is a global issue and India is no exception. Tax evasion is considered a serious crime in India and the law has provisions for penalizing and prosecuting those who engage Read more…
This Article is Written by Poornima of 1st Semester of University of Allahabad, an intern under Legal Vidhiya Abstract Advance Payment Tax is the tax which you have to pay as soon as you earn. Usually a person is liable to pay tax after the end of the financial year Read more…
This article is written by Utkarsh Upadhyay of Jamia Millia of 1st year, Intern under Legal Vidhiya ABSTRACT This legal research paper explores the two types of rates of income tax – proportional and progressive. The paper examines the theoretical basis of both types of taxation, analyzes their implementation and Read more…
This article is written by Avantika Jain, an intern under Legal Vidhiya. INTRODUCTION The Income Tax Act, of 1961 [1]is the governing legislation for income tax in India. It was enacted to consolidate and amend the laws relating to income tax and introduced a comprehensive set of provisions that govern Read more…