Tax Evasion Cover-Up
Rohan, a small business owner, received a large sum of money from his relative to start his business. He forgot to declare this income in his tax return. Later, during a raid, the …
Cracking Taxation for AILET : Tips and Tricks
Mujhe pata hai senior students ko bhi kuch samay ke liye tax ki baat sunayi hoti hai, lekin maine isse kaise clear kiya yaar... AILET ke liye tax mein special emphasis hota hai, kh…
P&H HC Slams Punjab Govt's VAT Collection
Recently, the Punjab and Haryana High Court ruled that the VAT collection by Punjab's Commercial Tax department on a company's unremitted TDS amounts to an unwarranted demand. The …
Confused on Capital Gains Exemption u/s 54 v/s 54EC
Maine kuch time pehle Judicial Services ke liye Tax Law ko padha, lekin do concept dono ek-jaisa lag rahe hain, yaar samajh nahi aaya. Maine socha kya main galat pad raha hoon ya y…
Taxation Law for AILET is way too taxing (baith jata hai)
Ab yeh socha karo, AILET ki TDS ke pehle koshishen aur baad mein kya hui? Yeh sab kuchh karna mushkil hai. Main kehta hoon ki AILET ki taxation law pe coaching karna sirf baarey me…
The Elusive Concept of "Accrued Revenue" in Taxation
Doston, koi bataao tax law ke liye, kaise hua kya "Accrued Revenue" ka concept? Sab jante hain ki ye revenue ka tax payment ke liye kaaran hota hai, lekin textbook mein toh ek-dima…
Taxation Law Blunder: My AP LAWCET Mock Test Story
I gave a mock test on Taxation Law yesterday, and I have to admit, it was a disastrous day for me. I scored 48/60, which is quite bad, considering I had studied for this subject we…
Taxation Law - Kabhi Kabhi Lagta Hai Koi Bhi Rule Kisi Bhi Din Chalana Dhoond Raha Hai
3 saal se ye hi padh raha hoon, main tax toh apni chuttiyon mein bhi chadhta hoon, lekin is subject mein bahut si complications hain jo mera dimaag kar deti hain. Section 10A, 10B,…
Taxation Law: Section 56(2)(viib) - A Headache Waiting to Happen
I'm stuck on Section 56(2)(viib) of the Income-tax Act. Papa used to tell me it's all about taxing unexplained credits in a bank account, but now I'm confused. Is it just me or is …
Tax Liability for Undisclosed Income
Ramesh, a chartered accountant by profession, has been dealing with the cases of various NRIs (Non-Resident Indians) for years. One of his clients, Naveen, is an NRI who has invest…
Bilkul Samjhana Hai Ye Kya Hai - Capital Gains
Mainne pehle to socha tha jo Taxation ke bare mein padhke, toh lagta hai main kuch samajh gaya hoon, par jab papa ne mera pahle court case liya, toh padosi sahab ne use puchha, "Ca…
Taxation in a Hurry: Bar Exam Survival
Bro, I'm stuck between my CA group 1 exam and Bar prep. I have only 2 months to cover Taxation law for AIBE (I know, I know, not enough time na?). I've got a study plan, but I'm no…
MH CET Law: Tax Law syllabus needs an overhaul, yaaar!
Okay, I know this might sound crazy, but hear me out. I think the current Tax Law syllabus for MH CET is so outdated, it's like watching an old Bollywood movie and expecting the pr…
Taxation Law: A Boring, Ineffective Teaching Method
I'm gonna say it - our MH CET Law tax law teaching method is completely outdated and useless. We spend most of the first year learning all these sections, exceptions, and cases, bu…
Deemed Dividend - Myth or Reality?
Kya aap bhi sochte the, ki company ne apni income se capital account mein invest kiya tha, toh aisa hi invest ki jayega aur dividend bhi utni hi hoga? Nahi, yeh soch toot jaati hai…
Taxation Law needs to be split from General Law Study
I know, I know, it sounds crazy, but hear me out. Tax Law is like a whole different cuisine, not something you can just add to your plate with other subjects like a sprinkle of spi…
Tax Tangles: A Confusion
Arjun owns a small shop in Delhi and pays 1.5% of his turnover as local tax. Due to a misunderstanding with the municipal corporation, he overpaid by 50,000 rupees in the last quar…
Taxing Times
You know how your dad loses his cool when you don't file your income tax returns on time? Yeah, well that's because Section 139(1) of the Income-tax Act, 1961 says you gotta file y…
Taxation Law - 2022 Question
Kya aapko pata hai ki yadi kapil ka parivaar India mein rehta hai, lekin vah 5 saal se London mein rehta hai, aur vah India se ek income hai, toh kya income tax ka adhaar India ya …
Section 40(3) ka Bada Breakthrough
Mujhe lagta hai, Section 40(3) ka concept to thoda complex tha lekin ab main samajh gaya, aur yeh mera CLAT PG preparation ke liye ek bada break the ice (hahaha) hai. To, yeh Secti…