Taxation Law ka Kya Hai?
tax cuet_pg intermediate poll_styleI'm stuck on this CUET PG Law question - kya option A ho ya B? Help me out peeps!
Question: A person is liable to penalty under section 271(1)(c) of the Income-tax Act, 1961, for furnishing incorrect particulars of income. The Assessing Officer also imposes interest under section 234D of the Income-tax Act, 1961, on the tax portion of the income. Kya income-tax ki asani se kharch ki gai amount par bhi 1% ki interest shamil karna sambhav hai?
Option A: Haan, income-tax ke sath asani se kharch ki gai amount par bhi 1% ki interest dene ki sambhavna hai.
2 comments
2 Comments
Sign in to join the discussion.
"Arre, taxation law to sirf tax ke bare mein hi nahi hai, yeh sab kuch hai jiske liye tax rules banaye jate hain. Ismein direct tax aur indirect tax ki zaroorat hoti hai, jaise GST, income tax jaise tax laws. Yeh laws koi bhi company ya individual par lagu hote hain, tax paid karna zaroori hota hai. So, yeh law taaqat se sambandhit hota hai.
Taxation Law ka Kya Hai? Taxation Law, in simple terms, is laws related to collection of taxes by government from its citizens. It includes all rules and regulations regarding tax evasion, tax refunds, and tax exemptions. Also, it deals with taxing different types of income, such as salary, profit from business, and investments. A very interesting and complex subject, trust me!