April 2025

Firm Under Person: Income Tax Implications in India Understanding the interplay between a "Firm" and a "Person" under the Income Tax Act, 1961, is crucial for tax planning and compliance in India. This article provides a comprehensive overview of how firms and individuals are treated under the Act, clarifying their distinct legal identities and tax […]

Company Under Person: Income Tax Implications in India Understanding the nuances of income tax laws in India can be complex, especially when dealing with entities structured as companies controlled by individuals. This article delves into the concept of "Company Under Person" (often referred to as personal service companies or one-person companies with intricate ownership structures)

Reference to Court Under Income Tax: A Comprehensive Guide (Indian Law) Introduction The Income Tax Act, 1961 empowers various authorities to administer and enforce its provisions. While most disputes are resolved through internal mechanisms like assessments, appeals, and revisions, certain complex legal questions may necessitate a reference to the High Court or even the Supreme

Income of Impartible Estate Under the Income Tax Act, 1961 (Indian Law) An impartible estate, a concept steeped in historical and legal complexities, presents unique challenges when assessing its income tax implications under the Income Tax Act, 1961 (India). This article delves into the intricacies of how income derived from an impartible estate is treated

Fee or Salary Earned by Karta as Director or Partner Under Income Tax in India The income tax treatment of remuneration received by a Karta (manager) of a Hindu Undivided Family (HUF) when acting as a director or partner in a firm or company is a nuanced area of Indian tax law. It hinges on

Hindu Undivided Family Under Income Tax In Indian tax law, a Hindu Undivided Family (HUF) is recognized as a separate taxable entity, distinct from its individual members. The concept of HUF holds significant relevance in the realm of income tax, with its own set of rules and provisions. Understanding the taxation aspects of an HUF

Individual Under Person: Understanding Income Tax Laws in India In India, the term "Individual Under Person" holds significance in the context of income tax laws. Understanding the implications of this term is crucial for individuals and organizations to comply with the tax regulations and avoid potential legal issues. In this article, we will delve into

Person Under Person in Indian Income Tax Law In Indian income tax law, the concept of "person under person" holds significant importance. Understanding this concept is crucial for taxpayers and tax professionals to ensure compliance with the law and minimize tax liabilities. This article will provide an in-depth understanding of the "person under person" concept,

Person under Income tax in Indian Law In the realm of Income Tax laws, the term "person" holds a significant place and has crucial ramifications on the taxability of an individual or an entity. The definition of "person" under the Income Tax Act, 1961 is expansive and encompasses various categories of individuals, entities, or associations.

Understanding Non-Resident Status under Indian Income Tax Law In the realm of Indian income tax law, the residential status of an individual or entity plays a crucial role in the determination of tax liabilities. The classification as a resident or non-resident is pivotal in ascertaining the scope of income that is taxable in India. Therefore,