Related Weekly Posts
February 24 2022
Did you know: Citizens above 75 years do not need to file income tax returns in certain conditions
The Union Budget 2021 has scrapped income tax filing for senior citizens above the age of 75 whose only source of income is pension and interest. The Government has not changed direct taxes, but has taken steps in direct tax incentives to ease compliance for taxpayers. In this context, here are a few things you […]
March 11 2022
Wealth tax: To whom does it apply?
In a recent judgement, the Supreme Court has stated that the Bangalore Club, one of the oldest clubs in India, does not have to pay wealth tax. What is wealth tax? As a concept, wealth tax is a tax that is imposed on the richer sections of society. Wealth tax was introduced in India in […]
February 21 2022
5 things you didn’t know about the Law on Real Estate
The Supreme Court has said that a person who buys a plot/building can approach the Consumer Court to complain against the builder/developer. In its judgement, the Court held that the consumer protection law is also applicable to real estate complaints by allottees. Which law regulates real estate in India? The Real Estate (Regulation and […]
March 11 2022
How will States get their GST compensation?
In 2017, the Goods and Services Tax (GST) replaced many indirect taxes in India like value-added tax (VAT), excise duty, service tax etc. The Centre promised compensation to the States for GST implementation because implementing GST would reduce the income that States get from indirect taxes. In the past few months, the Central government has […]