SS LAW CODES

National Tax Tribunal: An Overview The National Tax Tribunal (NTT) is an appellate mechanism established by the Government of India to deal with disputes related to direct and indirect taxes. The tribunal was established to provide speedy and efficient resolution of tax disputes, thus reducing the burden on the regular court system. In this article, […]

Understanding the Maximum Marginal Rate under Income Tax in India Income tax is a significant source of revenue for the Indian government, and it plays a crucial role in financing various public expenditures. The income tax structure in India is progressive, meaning that as the income of an individual or entity increases, the tax rate

Manufacture under Income Tax in India Manufacture is a critical aspect of the Indian economy and plays a significant role in the country's overall growth and development. Under income tax laws in India, there are specific provisions and regulations that govern the taxation of income derived from manufacturing activities. This article will provide an in-depth

Legal Representative under Income Tax in India In the context of income tax laws in India, a legal representative plays a crucial role in representing the taxpayer who is deceased or incapacitated. The legal representative is responsible for fulfilling the tax obligations on behalf of the deceased or incapacitated taxpayer. It is important to understand

Understanding the Role of Joint Commissioner in Indian Income Tax Law The Income Tax Department of India is responsible for administering various direct taxes, including income tax, corporate tax, and other related levies. Within the hierarchy of the Income Tax Department, the position of the Joint Commissioner holds significant importance and authority. This article aims

Interest on Securities: Understanding the Income Tax Implications In India, the income earned from various sources is subject to taxation, including the interest earned on securities. Understanding the taxation rules related to interest on securities is crucial for individuals and businesses alike to ensure compliance with the law and to effectively plan their financial activities.

Interest under Income Tax: Understanding the Legal Landscape in India In the realm of income tax, interest is a crucial component that taxpayers need to understand to ensure compliance with the law. In India, the Income Tax Act, 1961, governs the taxation of income, and interest plays a significant role in the computation of tax

Indian Company Income Tax: A Complete Guide Every business entity operating in India is subject to taxation under the Income Tax Act, 1961. Indian companies, including domestic and foreign entities, are required to comply with the provisions of the Income Tax Act to fulfill their tax obligations. In this comprehensive guide, we will explore the

Reference to Court Under Income Tax Act Under the Indian Income Tax Act, taxpayers have the right to appeal to the appropriate court if they are dissatisfied with any decision or order by the income tax authorities. The reference to court under the Income Tax Act is an important legal remedy available to taxpayers to

Subsidy, Grant, and Cash Incentive under Indian Income Tax In India, the concept of subsidy, grant, and cash incentive under income tax is a crucial aspect that both businesses and individuals need to comprehend. These financial benefits play a significant role in influencing the overall tax liabilities of taxpayers. Therefore, understanding the nuances of subsidies,