TAXATION

Taxation law is wide and can be complex for businesses to navigate through. It is a critical component from the perspective of compliance for any business.

Taxation includes both direct and indirect taxation. It covers a wide range of services from tax structure, compliance issues, GST, representation before Tax authorities, Tribunals, High Courts and the Supreme Court of India.

LawWiser provides legal content on taxation that simplifies the complex rules and regulations and succinctly explains the laws. We invite top experts, who provide content on frequently raised issues and questions and cover the impact on businesses.

To stay updated on the latest tax updates about income tax act, input tax credit, carbon tax, GST and GST council updates, PLI schemes and many such legal aspects relating to taxation, tune into this section of LawWiser and explore to enhance your legal knowledge.

Tax Updates : July-August 2022 | Jatin Arora, Phoenix Legal | LawWiser

There have been significant developments over last two months in the tax field. These changes have far reaching impact on businesses and general public. Watch Now LawWiser’s video on Tax Updates : July- August where Jatin Arora, Partner, Phoenix Legal succinctly explains some the critical

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Section 148 of the Income Tax Act, has been amended along with the insertion of new Section 148A by the Finance Act, 2021. With this, the process of reassessment has been revised and now the Assessing Officer has to comply with the provisions of Section

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There has been an increasing interest of global investors in Indian Startups. The startups are also playing a vital role in the economic growth of the country. The Government is also providing incentive schemes for start-ups to motivate more entrepreneurs. Watch Now LawWiser’s explainer on

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Watch now #LawWiser video on “Taxation of Virtual Digital Assets in India under the Union Budget, 2022″ featuring Gaurav Bhalla, Partner at Ahlawat and Associates.  Gaurav takes us through Section 47A of the Finance Bill 2022, which defines a ‘virtual digital asset’. The Central Government,

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Certain prominent changes associated with Input Tax Credit (ITC) under GST have been proposed in the Union budget 2022. Tune into #LawWiser’s explainer on “Input Tax Credit (ITC) in GST” featuring Himanshu Goel, Partner, TR Chadha & Co LLP. A retrospective amendment has been proposed

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The #unionbudget2022-23 has created a lot of buzz around. There have been many initiatives and incentives for various sectors and industries. Tune into #Lawwiser‘s panel discussion on “Decoding the #UnionBudget 2022″ Watch our host in conversation with Rahul Verma, Sr Director, Cipla; Abhishek Saxena, Co-founding

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key takeaways and highlights of the finance budget 2022 and highlights 2022

Tune into #Lawwiser quick update on “BUDGET 2022-23-Key Highlights” Watch this update and, stay tuned till the end as we ask an interesting question related to it. The finance minister, Ms Nirmala Sitharaman, has announced the Budget 2022. Some significant changes are:- MSME and startups

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PLI Scheme to Benefit Pharmaceutical Sector | #QuickBytes | LawWiser

The Ministry of Chemicals and Fertilizers has announced that 55 pharmaceutical companies are likely to get benefitted from the Production-Linked Incentive scheme for pharmaceuticals which is part of the government’s flagship Atmanirbhar Bharat Plan. This scheme will help in enhancing India’s manufacturing capabilities and exports

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Recent Trends in the Tax Regime | LawWiser #Shorts | Paras Nath, TRC

Watch #LawWiser shorts on the topic of “Recent Trends in the Tax Regime” Our speaker, Paras Nath, Partner, TRC has shared insights on the recent trends in the India tax regime. He explains that balancing income-tax rates with choosing the old and new regime has

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updates on next gst council meeting

#Tune into today’s update on “What is expected in the next meeting of GST Council?” Watch Aditi sharing the quick update on how the centre is expecting to rationalize the GST rates and a correction of the inverted duty structure. The Council has already approved

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taxation issues that are barriers to free trade between uk and india

Watch Shashi Mathews, Partner, IndusLaw, highlights taxation issues that are barriers to free trade for UK and India. He helps us understand why removing high tax barriers would enable the Indian economy to be self-reliant by providing different statistics about tariffs on goods and products.

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increase in gst rates of mmf textiles

The Ministry of Textiles notified the uniform goods and services tax (GST) rate on MMF, MMF yarn, MMF fabrics, and apparel. These Changed tax rates will come into effect from January 1, 2022. Currently, the tax rate on MMF, MMF yarn, and MMF fabrics is

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Carbon Tax in India | #QuickBytes | LawWiser

The government sets a fee that emitters must pay for each ton of greenhouse gas emissions. This was initially proposed by the European Union. A carbon tax is simply putting a fee on the emission of carbon-based fuels. The purpose of a carbon tax is

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Watch Now LawWiser’s latest video on ‘The GST Puzzle: Intermediary & Services’ featuring Jatin Arora – Partner, Phoenix Legal, in conversation with our host Sania Husaini where he talks on what GST law says about Intermediary and services. He helps you understand what an intermediary

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gst for ice-cream parlours

Watch now LawWiser’s In a Minute video where Jatin Arora, Partner, Phoenix Legal, takes us through the “Increase in GST rate for ice cream parlours”. The decision was made in the 45th meeting that the ice cream parlours serving ice cream are not on the

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Watch now Part 2 of the #Explainer by Abhishek Saxena, Founding Partner, Phoenix Legal on the Taxation Laws (Amendment) Bill, 2021. This is in continuation to Part 1 of the Explainer. You can watch the part 1 here – https://lawwiser.com/taxation-laws-amendment-bill-2021-explained/. The Taxation Laws (Amendment) Bill

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gst update 2021

#Watchnow #Inaminute video where Jatin Arora, Partner, Phoenix Legal takes us through this GST Council update in relation to e-commerce operators. GST Updates 2021 – In the 45th GST Council meeting, it was decided to shift the burden of tax on the restaurant services to

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#Watchnow LawWiserShorts on Top GST Council Updates by Harsh Shah, Partner, Economic Law Practice (ELP). The 45th GST Council Meeting chaired by Finance Minister Nirmala Sitharaman was the first in-person meeting of the GST Council in nearly two years. Every GST council meeting creates buzz,

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Taxation laws amendment bill 2021

#Watchnow our new #Explainer on the Taxation Laws (Amendment) Bill, 2021, Part 1 by Abhishek Saxena, Co-Founding Partner, Phoenix Legal. The bill was passed by the Parliament in the recently concluded Monsoon Session. It has done away with the contentious retrospective tax demand provisions. This

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PLI scheme for textile industry

Production Linked Incentive is also commonly known as PLI scheme. This PLI scheme offers incentives on incremental sales from items produced in India over the base year. Apart from scaling up local production, the scheme also seeks to curb cheaper imports and reduce import bills.

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LawWiser & Phoenix Legal | Taxes on Global Digital Corporations - Notifications of SEP Thresholds | #InAMinute | Pranav Srivastava, Phoenix Legal

The Government of India recently notified the relevant threshold to constitute ‘Significant Economic Presence’ (SEP). The concept of SEP was introduced in the Income-Tax Act, 1961 (‘ITA’) from April 1, 2018. Watch this LawWiser IN A MINUTE video powered by Phoenix Legal, where, Pranav Srivastava,

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LawWiser | YouTube Tax : Is it a hurdle for Indian Content Creators? | Srinivas Kotni

Watch now as Mr. Srinivas Kotni, Founder and Managing Partner, Lexport talks about the Youtube Tax. He touches upon important aspects such as the effect of it on the Indian content creators. Watch and find out what the expert has to say about other similar

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Vivek Baj budget 2021 breakdown

In this video, Vivek Baj, Partner, Economic Laws Practice (ELP), breaks down the budget in very simple terms. He explains aspects such as Reduction in litigation, ‘Atmanirbhar Bharat’ and support to Indian manufacturers, and digitization and ease of compliance. He expresses disappointment over things such

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Impact on the startup ecosystem

Adarsh Somani, Partner, Economic Laws Practice (ELP), shares his take on the #UnionBudget2021 and explains its impact on the startup ecosystem. Watch more highlights on Union Budget 2021 on – LawWiser.com To get featured in more such conversations, write us on [email protected]

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LawWiser | #Budget21 Spotlight | Parvesh Kheterpal

Get insights on the impact of Union Budget21 on the infrastructure sector from Parvesh Kheterpal, Head – Legal & Company Secretary, Feedback Infra on LawWiser #Budget21 Spotlight. To get featured in more such conversations, write us on [email protected]

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When a taxing body, generally a government, levies or imposes a financial responsibility on its people or residents, this is referred to as taxation. Since ancient times, paying taxes to governments or authorities has been a pillar of civilization.
 
Taxation differs from other types of payment, such as market traders, in that it does not require agreement and is unrelated to the services provided. The government uses an implied or explicit threat of force to coerce taxes.
 
As people have started dwelling into the video format, they seek taxation videos for fulfilling their compliance-related strategies rather than long articles. 
 
Taxation videos not only commit to the common tax issues but also update you about the new laws and regulations that come in the form of benefits by the government.
 
At LawWiser– A video-only knowledge-sharing platform for the legal community offers you insightful taxation videos from experts that belong to renowned firms. 
 
Taxation legal advice has a direct impact on a company’s bottom line. To consider the financial effects of a tax on a company’s earnings and liquidity, one needs to have business acumen and commercial intelligence.
 
It’s important to remember that the purpose of taxation is different. While the goal of company law is to protect investors, the goal of tax law is to increase income for the government.
 
The wide range of complexities and complex scenarios that might occur in a tax dispute or the taxes side of a transaction such as an M&A agreement or an investment transaction are not covered in school. You might not have realised that stamp duty is a type of tax as well.
 
While one may study about the minimal alternative tax in law school, one may not be aware of its commercial consequences, such as its influence on a company’s or an individual’s bottom line, the impact of non-cash transactions on the company’s liquidity, or depreciation.
 
LawWiser helps you navigate through such regulatory changes much easily with the help of short and to the point videos.
 
Find more videos on our youtube channel – LawWiser
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