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Income From House Property

Introduction What is Income? Income is the monetary value of an entity’s consumption and saving opportunities during a specific period. Income is difficult to conceptualize, and different disciplines may have distinct definitions. A person’s income in an economic sense, for …

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Taxation System In India

Introduction The Taxation system of India is one of the most well defined and well-structured systems in India. Taxes are the largest source of income for the government so we can say that tax plays an essential role in the …

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10 Common Mistakes in GSTR 1 Return

GST is the landmark reform in indirect taxation in India. It is for the first time that the concept of matching invoices has been introduced. Since most of the return filing process has been made computerized and the scope of …

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Constitutional Amendment Bill 122

INTRODUCTION The Central Government of India, presented the 122nd Constitution Amendment Bill, 2014 (‘Bill’) on the presentation of Goods and Services Tax (‘GST’) before the Lok Sabha on December 19, 2014. This Bill replaces a previous bill presented in 2011 …

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