Recent Posts

Why agricultural Income is exempt from Income Tax?

The Constitution of India allocates the power of levy of taxes between the Central Government and the State Governments. Article 246 of The Constitution of India, 1949 reads as under – “Subject matter of laws made by Parliament and by the Legislatures of States (1) Notwithstanding anything in clauses ( 2 …

Read More »

Greenfield Project

Want to know the meaning? It’s simple. Converting Green field (Agricultural Land) into a Project (Industrial Project). It is converting farmer’s land into business tycoon’s paradise. It is converting jungle into a concrete jungle.  This is the answer coming right from the heart. But, sorry, this is not the right …

Read More »