Tax Evasion | Khurana and Khurana

Is It Time To Impose Tax On Agricultural Income?

27th March, 2024 - 9:54 am Categories: TAX

Introduction The exemption of tax on agricultural income dates back to the colonial era when the British, acknowledging the critical role of agriculture in India, chose to exempt agricultural income from taxation. The Constitution of India, under “Entry 46 of the State List (List II)[1]”, “empowers state governments to levy and collect taxes on agricultural … Continue reading Is It Time To Impose Tax On Agricultural Income?

Black Money Blues: How Hidden Wealth Hurts India’s Tax Revenue

5th January, 2024 - 10:43 am Categories: TAX

0 Comments

Introduction For a long period, progress has been shadowed by tax evasion, which involves intentionally hiding income or presenting false financial statements to avoid paying taxes. It does not simply include avoiding the payment of financial penalties; it also includes activities such as diverting funds from economic and social welfare projects. Such illegal activity includes … Continue reading Black Money Blues: How Hidden Wealth Hurts India’s Tax Revenue

Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

8th November, 2022 - 5:37 am Categories: TAX

0 Comments

INTRODUCTION : THE GENESIS OF TAXATION IN INDIA The germination of the system of taxation can be referenced far back to the ancient times as traced under the writings of Manusmriti and Arthasastra. According to the Sastras, Manu, the ancient scholar and lawgiver, said that it is proper for the king to impose taxes. His … Continue reading Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

GAAR : A Strong Step Against Tax Avoidance

22nd October, 2022 - 5:53 am Categories: Intellectual Property TAX

0 Comments

INTRODUCTION Initially introduced in India through a Direct Tax Code Bill in 2009, General Anti-Avoidance Rules (GAAR) are covered under the umbrella of the Income Tax Act, 1961 and have been effective in the nation since 1 April, 2017. Much like any other nation, India too was plagued with multiple instances of tax avoidance wherein … Continue reading GAAR : A Strong Step Against Tax Avoidance

A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required

11th January, 2021 - 12:42 pm Categories: TAX

0 Comments

Introduction Poverty is extensively characterised as a vicious circle. This is to say that there are various forces placed in a constellation (proverbial) that work together to keep a person poor or a group of people in the clutches of poverty. However, in mainstream politics, rarely is poverty discussed from the perspective of unjust redistribution … Continue reading A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required

Tag: Tax Evasion

Is It Time To Impose Tax On Agricultural Income?

Black Money Blues: How Hidden Wealth Hurts India’s Tax Revenue

Is Tax Theft ? – Unearthing The Logic Behind Tax Fraud

GAAR : A Strong Step Against Tax Avoidance

A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required

Categories

Archives