Notes and Study material for Exams
Navigating the Complexities of Advanced Pricing Agreements (APAs) The globalized nature of modern business has led to an increasing complexity in international tax matters. Multinational corporations (MNCs) often face challenges in determining the appropriate transfer pricing for transactions between their subsidiaries in different countries. This can lead to disputes with tax authorities, resulting in costly … Read more
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more
Chemical Bonding and Molecular Structure The smallest particle of element is atom and the smallest particle in a compound is molecule. The force or the binding that keeps the atoms in the molecule combined during the formation of molecule is called chemical bonding. The concepts like that of Kossel-Lewis, VSEPR principle, valence bond theory, molecular … Read more
Double Cropping: Maximizing Yield and Profitability in Agriculture The world’s population is growing, and with it, the demand for food. Feeding this growing population requires innovative and sustainable agricultural practices. One such practice, gaining increasing popularity, is double cropping. This technique involves growing two crops in the same field within a single growing season, maximizing … Read more
Navigating the Labyrinth: A Comprehensive Guide to General Anti-Avoidance Rules (GAAR) The pursuit of tax efficiency is a natural instinct for individuals and businesses alike. However, this pursuit can sometimes lead to the creation of complex and artificial arrangements solely designed to minimize tax liability. To counter such practices and ensure a fair and equitable … Read more
The Complex Landscape of State Taxes: Levied, Collected, and Retained The United States operates under a federal system, where power is shared between the national government and individual states. This division of power extends to the realm of taxation, with both levels of government levying taxes to fund their respective operations. While the federal government … Read more
Law and Rule related Administration Administrative Law Administrative law is the body of law created by the agencies and departments of the government, which carry out the laws passed by Center or a State Legislature. When Center passes a law on a complicated issue, Center often needs help determining all … Read more
Navigating the Global Tax Landscape: A Guide to Double Taxation Avoidance Agreements (DTAA) The globalized economy has fostered a complex web of international business transactions, leading to a potential for double taxation â a situation where the same income or capital is taxed twice by different countries. To mitigate this risk and promote cross-border investment, … Read more
Acid An acid is a substance which forms H+ ions as the only positive ion in aqueous solution. Examples:- Hydrochloric acid dissolved in water forms H+ and Cl– ions HCl —> H+ + Cl– Sulphuric acid dissolved in water forms H+ and SO42- ions H2SO4 —>2H+ + SO42- Nitric acid forms H+ and NO3– ions when dissolved in water HNO3 —> H+ + NO3– … Read more