Benami transaction
A benami transaction is a transaction where a property is held by or transferred to a person, but has been …
Read MoreBenami Transactions (Prohibition) Amendment Act, 2016
The Act amends the existing Benami Transactions (Prohibition) Act, 1988, and came into effect on November 1, 2016. The modified …
Read MoreWhite Paper on Black Money
The White Paper on Black Money was published by the central government in 2012 explaining the prevalence of black money …
Read MoreConspicuous Consumption
Conspicuous consumption refers to the consumption expensive or luxurious items to show the wealth and income by the consumer. It …
Read MoreInheritance tax
Inheritance tax is levied on the value of the assets received from the deceased by the legal heirs. Here, the …
Read MoreWealth tax
Wealth tax was introduced in 1957 and was levied on individual/ HUF’s net wealth. However, wealth tax would be applicable …
Read MoreEstate duty
Estate duty is a type of death duty when an asset is transferred after the death of a person. Estate …
Read MoreLaffer Curve
Laffer curve is a tax policy message which says that tax revenue can be maximised when high tax rate is …
Read MoreGeneral Ant-Avoidance Rule (GAAR)
GAAR is set of rules aimed to check tax avoidance. It is set of regulations that is aimed to check …
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