History of Income Tax in India

Most of the taxes of Ancient India were highly productive. The admixture of direct taxes with indirect Taxes secured elasticity in the tax system, although more emphasis was laid on direct tax. The tax-structure was a broad based one and covered most people within its fold. The taxes were varied and the large variety of taxes reflected the life of a large and composit population".

Removing doubt on Tax Collection at Source on certain goods under Finance Act 2020

Finance Act, 2020 amended provisions relating to TCS with effect from 1st October, 2020 to provide that seller of goods shall collect tax @ 0.1 per cent (0.075% up to 31.03.2021) if the receipt of sale consideration from a buyer exceeds Rs. 50 lakh in the financial year. Further, to reduce the compliance burden, it has been provided that a seller would be required to collect tax only if his turnover exceeds Rs. 10 crore in the last financial year. Moreover, the export of goods has also been exempted from the applicability of these provisions.

Goods & Services Tax (GST) Practice Procedure

The reason behind bringing GST is in
removing the cascading effects i.e., tax on tax of both Central and
State taxes by allowing setting-off of taxes throughout the value
chain, right from the original producer and service provider's level
up to the consumer level.

Taxing Law

Core Practice Tax LiabilityTax ControlLiability Under Tax LegislationThe Legal Foundation of Combatting Tax AbuseLegal Regulation of Corporate TaxationLegal Regulation of Indirect TaxationLegal Regulation of Taxes on Income and Property of IndividualsLegal Regulation of Special Tax Regimes and Corporate Property TaxState…