Income Tax Act 1961 - Legal Vidhiya

Penalty and Prosecution for Tax Evasion under Taxation Law

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…

By Admin, 2 yearsMay 18, 2023 ago

Taxation Law

Income Exemptions and Deductions under Income Tax Act 1961

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…

By Admin, 2 yearsApril 19, 2023 ago