Notes and Study material for Exams
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> In India, government expenditure – as per the provision in the Constitution – is divided into Revenue Expenditure and Capital Expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close … 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 Shadow Economy: Unmasking Tax Evasion and its Global Impact Tax evasion, the deliberate act of avoiding or minimizing tax obligations, casts a long shadow over global economies. It undermines government revenue, distorts markets, and fuels inequality. This article delves into the multifaceted nature of tax evasion, exploring its various forms, motivations, and consequences. We … Read more
A Legacy of Protection: The Environment (Protection) Act, 1986 and its Impact on India The Environment (Protection) Act, 1986 (EPA, 1986) stands as a landmark legislation in India’s environmental history. Enacted in the wake of the Bhopal gas tragedy, it marked a decisive shift in the country’s approach towards environmental protection, moving beyond fragmented sectoral … Read more
Understanding the Complex World of Taxes: A Comprehensive Guide to Types of Taxes Taxes are an integral part of modern society, serving as the primary source of revenue for governments to fund public services, infrastructure, and social programs. From the moment we earn our first paycheck to the time we purchase a new car, taxes … Read more