Types of TDS return forms- Overview and Description

According to the Indian Taxation Code, Tax Deducted at Source (TDS) is a type of advance tax that is deducted from an individual’s or organization’s earnings before the money is credited into that entity’s account. The government can generate revenue by enforcing TDS provisions on the earnings of individuals and businesses.

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Understanding the state of Wealth Tax laws in India

Surprisingly, Wealth Tax is also known as ‘Trying to tax One’s Riches.’ A popular direct tax levied on idle assets that do not generate any kind of income, such as jewellery, real estate such as urban land, owned but the unrented house, and so on. Most of us would assume that it is levied on any asset that we own and that it can be avoided by transferring ownership to a spouse or children. However, any transfer of assets without adequate or appropriate consideration will be included in your net wealth for wealth taxation purposes.

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Public Policy under Arbitration Laws in India

Arbitration has been one of those legal reforms which India is waiting for for the past 2 decades. ADR has been successful in foreign countries when it comes to effective justice delivery mechanisms. The situation of the judiciary in India is pretty bad. It was reported last year that approx. 4 crore cases are pending in the courts of India, especially district courts where the piled cases amount to 3 crores.

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