Tax shelter: Crime or Intelligence

Tax shelter can be understood as a method of reducing one’s taxable income as a way to reduce one’s taxes. It is a slick way of paying low taxes and still following the tax guidelines laid down by the government.

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IPR: Patent pools and competition law

In today’s era of modernisation, both intellectual property rights (IPR) and competition law are crucially relevant. It is often said that IPR and competition law are contrary to each other however this might not be the reality as the primary aim of both IPR and competition law is the accumulation of wealth. Patent pools can be understood as “the agreement between two or more patent owners to licence one or more of their patents to one another or the third party.”

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Taxation of life insurance policy

For those with dependent family members, purchasing a life insurance policy is critical. The policy will help you safeguard your parents’, spouse’s, and children’s financial futures. Insurance firms in India provide a wide range of options when it comes to obtaining an appropriate life insurance policy.

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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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Procedure for Incorporating an LLP

The idea of a Limited Liability Partnership (LLP) came into existence in the year 2008. It has the qualities of both a company and a partnership firm. It is regulated in India by the Limited Liability Partnership Act 2008. To incorporate an LLP, a minimum of two partners must be present. There is no upper limit.

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