Tag: Tax
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Much Ado About Taxing: A Legal Scrutiny Of Amazon’s Dispute With Tax Authorities In Karnataka
By Archishman Chakraborty, Symbiosis Law School, Pune. In September, 2014, the Tax authorities in Karnataka barred Amazon India from selling electronics and several other products from its warehouse in the State, by cancelling the licences of third-party merchants who were working with the local unit of the world’s largest online retailer. Notice was served to more than…
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FATCA: Yet another weapon in India’s war against Tax Evasions and Black Money
By Shruti Sharma, Campus Law Centre, Delhi University. The Foreign Accounts Tax Compliance Act, better known as FATCA, is an Act which was enacted in the year 2010 by the United States Congress; it can also be called as American Global Tax law. FATCA basically requires Foreign Financial Institutions (FFIs) to report to the Internal Revenue System…
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Goods and Services Tax: Recent Developments
By Piyush Jain, Rajiv Gandhi National University of Law, Punjab. Goods and Services Tax (GST), which is considered the most significant tax reform since independence, proposes to subsume a majority of the indirect taxes prevailing in India and will change the way business is done. It will bring about a structural change in the current indirect taxation…
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MAT and the Finance Act: Is it justifiable to impose MAT on SEZs?
By Sudipta Bhowmick, KIIT School Of Law, Bhubaneswar. Introduction: How MAT was stretched out? The Concept of Minimum Alternate Tax (MAT) was introduced for the first time in the annual year 1988-89 under Section 115J of Income Tax Act,1961 to tax big corporate groups which had become Zero Tax companies. This section provided for levy…
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Constitutional Amendment Bill, 2014: GST
By Poonam Bera, Army Institute of Law, Mohali. After a prolonged delay, Goods and Service Tax (122nd Constitutional Amendment) Bill, 2014 has introduced in lower house of parliament on 19th December, 2014. It is regarded as one of the biggest tax reforms since 1947 and is targeted to be implemented by April 2016[i]. GST regime…
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LexQuest 1st National Essay Writing Competition, 2014
LexQuest is pleased to announce the LexQuest 1st National Essay Writing Competition, 2014 on the theme “Trends, Issues and Reforms in Tax Policy in India”. The competition is an excellent opportunity for Law students and Professionals to express their viewpoints on Tax Policies in India. The theme is broad in nature; hence, the participants may…