General Law & Current Affairs

If you observe, the Government has increased every tax, be it Income Tax, GST, Property Tax, etc., over the years, but not the Profession Tax (PT) and it remains abysmally low. Any employee getting Rs.15,000 per month or Rs.15,00,000 per month, pays just Rs.200 per month as PT. What stops …

A notification is published in the Official Gazette by the Government in exercise of the power derived from a legislative enactment or provision. When you read “as may be prescribed”, the information published can be in the form of Rules or Notifications. It is part of the Act and binding …

If you observe the Acts, usually (there are a few exceptions), Section 2 is about Definitions and the last Section is about Repeal and Savings clause. Consider this example – GST act is introduced in 2017 and repealed Service Tax, Excise, VAT, etc. Suppose, the tax departments discover an evasion …