Government doubles tax-free Gratuity

BLOG- Government doubles tax-free Gratuity to Rs. 20 Lakh

Parliament passes Payment of Gratuity (Amendment) Bill which will build the roof of tax-exempt tip add up to Rs. 20 lakh from 10 lakh. This will likewise give the legislature a chance to build the tip roof every once in a while without making any corrections in the law. This will likewise enable the administration […]

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Deadline For Income Tax Returns Filing

TAX- Deadline For Income Tax Return Filing Only 12 Days Left

While a generous number of wage citizens may have cleared their salary charge (I-T) obligation for the evaluation years 2016-17 and 2017-18, yet the ones who have not paid up ’til now can at present do as such by documenting the late wage returns (I-T). In a perfect world, the salaried people are relied upon […]

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Panama Papers

‘Panama Papers’ Law Firm Shuts Down Operations

The law office at the core of the “Panama Papers” worldwide tax avoidance embarrassment that cut down two world pioneers reported today it would close down tasks, refering to negative press and what it called unjustifiable activity by experts. “Reputational disintegration, the media crusade, the budgetary outcomes and unpredictable activities by some Panamanian experts have […]

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National Article Writing Competition by VidhiAagaz

ESSAY- 2nd Dr. APJ Abdul Kalam Legal Essay Competition [Prizes Worth Rs. 10,000]: Submit by Nov 15

About Legal Aid & Awareness is essential for just and proper society as well as effective judicial system. Article 39A of the Constitution of India provides for equal justice and free legal aid. There have been significant developments in the area of legal and awareness in last one year in India. Looking at this changes, […]

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income tax

BLOG- BASIC PRINCIPLES OF INCOME TAX LAW

1.  Constitutional Provisions: The Constitution of India vests the Parliament with plenary legislative powers to impose taxes on matters specifically enumerated in the Union List and all the power of making any law imposing a tax not mentioned in Concurrent or State Lists, as provided by Article 248(2).  “Tax on income” is defined in an […]

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