Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings {a prelims...
Section 2 (1A) of the Income Tax Act defines agricultural income as rent/revenue from land, income derived from this land through agriculture and income derived from buildings on...
Dutch Sandwich refers to a form of tax avoidance used by companies that have their operations across the world to minimise the amount of taxes that they pay...
Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production...
Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital...
The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. A politically neutral ranking, it is a tool for understanding global...
Badri Narain Sharma, the 1985 batch IAS officer of the Rajasthan cadre, has been appointed the chairman of the newly constituted National Anti-Profiteering Authority (NAA) under the Goods...
Accrual Accounting is a technique of accounting in which transactions viz. revenue and expenses are recorded as and when they are incurred irrespective of when the cash is...
The Union Government has recently constituted a task force to review the Income Tax Act 1961 and draft a new direct tax law in consonance with current economic...
Recently, the International Consortium of Investigative Journalists (ICIJ) has released a global investigation ‘The Paradise Papers’ that reveals the offshore interests and activities of some of the world’s...
