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Politicians, Plutocrats - The Statesman

I n a poor country like India, public representatives had to appear poor to garner sympathy from their constituents. It was no accident that Mahatma Gandhi, a barrister from Inner Temple, after coming to India from South Africa, always wore only a dhoti. ....

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Income Tax: Nepalese citizens' plea puts I-T in dock for invoking Black Money Act

Income Tax: Nepalese citizens' plea puts I-T in dock for invoking Black Money Act
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Should Penal Provisions Of Customs Act, GST Act Etc. Be Compatible With CrPC? Supreme Court Starts Hearing

The Supreme Court today(May 1) started hearing a batch of 281 petitions challenging penal provisions of various laws such as the Customs Act, Excise Act and GST Act as non-compatible with the Code of. ....

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HSBC Bank balance can't be taxed, says I-T tribunal

In a decision that could have a bearing on other `HSBC account cases, a tax tribunal last week has ruled that the I-T department cannot go back 16 years to reopen old matters to tax the ‘peak balance lying in such bank accounts. Why? Because, according to the Mumbai bench of the Income Tax Appellate Tribunal - a quasi judicial authority - a bank balance reflects assets and not ‘income, and, under the law, only income can be taxed. ....

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Tax Avoidance and Inequality: Connecting the Dots in India

Explore the nexus between tax avoidance and inequality in India. Learn how legal loopholes deepen economic divides and discover strategies to address this pressing issue. ....

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