SS LAW CODES

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

Excess Dividends Under Dividend Income Tax in India When it comes to income tax in India, dividends play a significant role. Dividends received from Indian companies are generally taxable in the hands of the recipient. However, the Income Tax Act, 1961 ("the Act") provides certain exemptions and deductions to ensure that the tax burden on

Accumulated Profits’ Under Dividend: Understanding Its Implications in Indian Income Tax Law In the realm of income tax laws in India, the concept of ‘accumulated profits’ under dividend plays a crucial role. Understanding the implications of accumulated profits is essential for both businesses and individuals to ensure compliance and avoid potential legal issues. What Are

Dividend Properly so called under General Law, Paid Out of Capital Profits Under Dividend In the realm of income tax, the treatment of dividends is of paramount importance. Dividends are a significant source of income for many individuals and can have substantial tax implications. It is, therefore, essential to understand the concept of dividends properly

Deemed Dividend Paid Out of Capital Profits Under Dividend: Understanding the Legal Framework in Indian Income Tax Law When it comes to dividend distribution under Indian Income Tax laws, the concept of 'deemed' dividend paid out of capital profits plays a significant role. It is important for taxpayers and businesses to have a comprehensive understanding