Facts Of The Case: This appeal, filed under Section 260A of the Income Tax Act, 1961, challenges the concurrent decisions of the Commissioner of Income Tax (Appeals) [CIT(A)] and the...

The problem is that these tax payers are merely dreaming if not bluffing in their approach to sourcing the money to pay taxes. However, their sentiments are nonetheless of keen interest and rep...

A Non-resident Indian (NRI) is an individual who holds Indian citizenship or is of Indian origin but does not reside in India. To determine whether someone is an NRI, their residential status m...

The crux of the issue lies in determining the rightful custodian of currency seized by the police from individuals during investigations. The question arises whether the Income Tax Department c...

Double taxation is a situation where an income is subject to tax twice which can happen in many ways. This can occur in one of two ways - economic or juridical. Economic double taxation occur...

A formal notification from the tax authorities about a person's or entity's tax matters is an income tax notice. These notifications are issued by the Income Tax Department (ITD) and may be in ...

Define The Term Tax, Meaning And Essential Of Taxes Explain The Nature And Characteristic Of Tax: Different Types Of Taxes And Distinguish It From Fees And Cess. Introduction Taxation is th...

Last year, the Indian Parliament imposed a 28% Goods and Services Tax (GST) on online gaming. The umbrella term of 'online gaming' includes online games, horse racing, and casinos. This decisio...

Lumikai (an Indian gaming venture fund), in its recently released report, has lowered revenue forecast for the domestic online gaming industry. The report projects the industry to achieve USD 7...

Shantanu Sanjay Hundekari, Vikas Agarwal, Yogesh Agarwal, Mamta Gupta v/s Union Of India, Through Secretary, Ministry Of Finance, New Delhi., State Of Maharashtra, Joint Director, Director Gene...