RC TAX CONSULTANCY LLP

Justice D.Y. Chandrachud, as the current Chief Justice of India, is widely respected for his progressive judgments and deep legal insights. However, the notion of "perfection" in judges is a complex and philosophical issue. Judges, no matter how skilled or wise, are human and susceptible to various biases, limitations, and interpretations, especially in a complex, evolving legal landscape like India's. He is behind a very complex legacy. A lot is known about his personal life, much more than many other judges,” said Arghya Sengupta, founder and research director of Vidhi Centre for Legal Policy. He was joined by  former  Bombay High Court judge RC Chavan, senior Supreme Court  advocate  Raju Ramachandran, and chief editor of  India Justice Report  Maja Daruwala.  In a nod to inclusivity, a sign language interpreter  translated  all that was being spoken on stage. In his eight-year tenure  in the Supreme Court, Chandrachud  has writt...

Definition of Income Tax Income tax is a tax charged on the annual income of an individual or business earned in a financial year. The Income Tax system in India is governed by The Income Tax Act, 1961, which lays out the rules and regulations for income tax calculation, assessment, and collection. All taxpayers are mandated to submit an Income Tax Return (ITR) every year by respective due dates as per the law to report their income and claim a tax refund if applicable. An income tax return can be filed online or offline on the Income Tax Department's official website or through verified third-party websites. The Indian Income Tax system also includes various deductions and exemptions that can be used to lower the tax liability for a given financial year. Who Is Required to Pay Income Tax? Any individual earning more than ₹ 2.5 lakh annually in a financial year is required to pay income tax to the Government of India. Here are the different types of taxpayers in India: Individuals:...