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Tax

Gig Economy

Gig Economy

Gig Economy Gig economy is not a new concept it is as old as formal economy.Â In todayâ€™s world mostly individuals prefer working like a freelancer and treat the Gig as a much-desired alternative to a routine nine-to-five job, providing them more freedom and flexibility in their work.

Opinion formed by Deputy Commissioner of Income Tax for reopening of assessment, not amenable to judicial review

Opinion formed by Deputy Commissioner of Income Tax for reopening of assessment, not amenable to judicial review

The petitioner was the assessee who approached the High Court challenging the notice issued by the Income Tax Department for reopening of assessment on account that some income has escaped assessment. Contention placed by the petitioner before High Court was that reopening of assessment is made without jurisdiction and in

S.80-IA (5) of Income Tax Act cannot be pressed into service for reading limitation of deduction under sub-section (1) of S.80-IA only to 'business income'

S.80-IA (5) of Income Tax Act cannot be pressed into service for reading limitation of deduction under sub-section (1) of S.80-IA only to 'business income'

The Assessee claimed that deduction in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development should be allowed to the extent of 'gross total income. But this claim was rejected by the Assessing Officer. Apparently, in the present case, there is no discussion about

Tax is leviable on sale of goods released after filing bill of entry, from one State to another

Tax is leviable on sale of goods released after filing bill of entry, from one State to another

In this case before Supreme Court, the purchaser of goods alleged that the sale of goods took place on high seas before goods had crossed customs frontiers of India, whereas the Custom Department contended that the sale in question took place after the purchaser had filed the bill of entry

Professional opportunities and social obligation of tax professionals

Professional opportunities and social obligation of tax professionals

I deem it a privilege to deliver Presidential address on this historic and memorable occasion when the Tax Consultants from various parts of the country are celebrating its 55th Anniversary of the Association in Association with All India Federation of Tax Practitioners. I congratulate you all and offer my best

GST Council Approves New Rate for EV Batteries

GST Council Approves New Rate for EV Batteries

GST Council Approves New Rate for EV Batteries — Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc euismod justo et nisi.

RBI Maintains Repo Rate Amid Inflation Concerns

RBI Maintains Repo Rate Amid Inflation Concerns

RBI Maintains Repo Rate Amid Inflation Concerns — Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc euismod justo et nisi.