Category Archives: Taxation

Finding it hard to understand Taxation law? We at Legal Bites provide you with quality study material o taxation law to help you understand the subject with good conceptual clarity.

Analyzing Rule 86A of CGST Rules after the introduction of guidelines by CBIC

The article ‘Analyzing Rule 86A of CGST Rules after the introduction of guidelines by CBIC’ by Harshita Pareek explores to find out whether the guidelines have succeeded in addressing the challenges to Rule 86A. Actually, Rule 86 A empowers the officers not below the rank of the additional commissioner to impose curtailment on Input Tax Credit. The Article……...

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Input Tax Credit in India

The primary goal of introducing input tax credit under GST is to reduce the effect of cascading taxation that existed under the prior VAT regime. Input Tax Credit in India Since 2017, the Goods and Services Tax (GST) has been regarded as one of the most significant tax reforms in India. GST combines all of the country’s indirect……...

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Income Tax officials, Taxpayers and the Power of Search and Seizure

The income tax officials conduct search and seizures wherein most of the times it results in the unearthing of huge amounts of wealth concealed from the authorities but on the other hand abuse of this power has also been seen. Introduction “It must always be remembered that what the Constitution forbids is not all searches and seizures, but……...

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Taxation of Agricultural Income in India under the Income Tax Act of 1961

Introduction The Income Tax 1961 is the regulation and code for levying and calculating taxes that occur from the income of the citizens and it is a compulsory and mandatory statute, on violation of which it is deemed to be an offence.  The description of Agricultural Income is provided under Article 366(1) of the Indian Constitution, which means……...

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