Articles

September 14, 2021

ITR for Proprietorship Firms

Introduction ITR is a form which must be filled for the purpose of filing tax returns. It is very much essential that proprietorship has to file tax return each and every year unless it is exempted. The tax return by filling the ITR forms can be filed physically or through online by filing via an…

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What does VT stands on a plane??

VT is that the prefix used for all airliners happiness to Asian nation. VT is a prefix issued to India pre 1928 once it had been a British colony by the International Civil Aviation Organisation (ICAO) chargeable for code allocation. In 1928 the VTA code was modified to VT -XXX when new codes were issued.…

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COMPETITION LAW IN INDIA

Many countries have enacted their own competition laws in order to prevent anti-competitive behavior and unfair trade practices. The competition law is primarily concerned with preventing specific market activities that harm businesses, customers, or both, as well as curbing market behaviors that violate market ethics. The Competition Act, 2002 was created in India to maintain…

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Income Tax – I

Introduction Tax is the mandatory financial charge demand by the government on pay, product, administrations, exercises or exchange. Taxes are the fundamental modes of income for the government, which are used for the welfare of the general population of the nation through government strategies, arrangements, and practices.  Need for Income Tax in India Income tax…

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DOCTRINE OF PITH AND SUBSTANCE

Doctrine and principles are significant concepts, they help to understand how the judicial machinery works in the nation. Under the Constitution of India, there is a division of legislative spheres between the Union and the States. Within their respective areas of authority, the union and the state legislature are supreme and they are not supposed…

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Transfer of property

Introduction A transfer refers to a conversion of a thing from one person to another person. Property may be defined as anything physical or a virtual entity owned by an individual or a group of people. A property can be transferred from one person to another person by transferring rights, or interest, or ownership, or…

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Corruption

Introduction Corruption in the Indian society has prevailed from time immemorial in one form or the other. The basic inception of corruption started with our opportunistic leaders who have already done greater damage to our nation. People who work on right principles are unrecognized and considered to be foolish in the modern society. Corruption in…

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