Tag: Income Tax Act
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New Income Tax Returns Form: The Changes
By Anaida Kuthiala, Army Institute of Law, Mohali. In a democracy like India, where the Govt is of the people, for the people and by the people, there rests with the people the right to privacy i.e. the right of non-disclosure, and the liability to inform (along with the right to be informed). In order to strike…
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Advance Ruling under Income Tax Act, 1961
By Aakanksha Mishra, Gujarat National Law University. In this era of liberalized international trade and increasing globalization, the need for good tax laws and good tax administration is increasingly felt by modern economies. The Government of India has entered into several DTAAs to resolve taxation related problems arising out of cross border trade and investment.…