April 2025

Joint Family, Company or Firm, or Same Individual in Different Capacities, as Partner Under Firm, Partner, Partnership under Income Tax In India, taxation laws are complex, and understanding them is essential for individuals and businesses to comply with the legal requirements. This article delves into the aspects of joint family, company or firm, and individual […]

Two Firms Consisting of Same Partners Under Firm, Partner, Partnership In the realm of income tax law in India, the concept of firms, partners, and partnerships plays a crucial role in determining the tax liabilities of individuals and entities involved. One interesting scenario that often arises is the existence of two firms consisting of the

The Firm, Partner, and Partnership Act is a vital part of Indian income tax law. Under this act, genuine partnerships are essential for businesses to thrive, while sham partnerships can lead to legal consequences. Understanding the differences between genuine and sham partnerships is crucial for both individuals and businesses. In this article, we will delve

Illegal Partnerships Under Firm, Partner, Partnership In India, the law governing income tax for partnerships and firms falls under the ambit of the Income Tax Act, 1961. Under this Act, there are specific provisions in relation to the taxation of partnerships and firms, which fundamentally distinguish these entities from individual taxpayers. However, there are instances

Validity of Partnership Under Firm, Partner, Partnership under Income Tax In India, the concept of partnership is governed by the Indian Partnership Act, 1932. Under the Income Tax Act, 1961, the provisions related to the taxation of partnership firms and partners are detailed. It is important for individuals and businesses to understand the validity of

Understanding Firm, Partner, and Partnership in Indian Income Tax Law In Indian income tax law, the term "firm" is defined under section 2(23) of the Income Tax Act, 1961. A firm is considered a partnership firm, and the partners of the firm are individually taxed on their respective share of the firm's income. The term

Electoral Trust under Income Tax: Understanding the Legal Framework An electoral trust is a unique concept in Indian tax law that plays a crucial role in the funding of political parties and election-related activities. In this article, we will delve into the legal framework surrounding electoral trusts, their taxation, and other essential aspects that every

Document under Income Tax in Indian Law: A Complete Guide Income tax is a significant part of the financial system in India. It is essential for individuals and businesses to comply with the income tax laws and regulations to avoid legal consequences. One crucial aspect of income tax compliance is maintaining and submitting the necessary

Exemptions and Deductions Under Dividend under Income Tax Law in India Income tax laws in India have specific provisions related to exemptions and deductions under dividend income. Dividends are a form of income distributed by a company to its shareholders out of its profits or reserves. In this article, we will explore the various exemptions

Burden of Proof Under Dividend Income Tax in India When it comes to income tax regulations in India, the burden of proof lies with the taxpayer to establish the legitimacy of their claims and deductions. This burden becomes particularly significant in the context of dividend income. In this article, we will delve into the concept