Is Income Received as Compensation Subject to Taxation?
Income Connotes a Periodical Monetary Return “coming in” with some sort of Regularity. Bombay High Court The Commissioner Of Income Tax vs Shaw, Wallace And Co. on 14 March 1932 Equivalent citations: (1932) 34 BOMLR 1033 Author: G Lowndes Bench: Blanesburgh, Tomlin, G Lowndes JUDGMENT George Lowndes, J. 1. This is an appeal from a […]
The Principles Of A Good Tax System
The primary objective of the tax system was to generate TAX revenue. Tax revenue is vital for a developing country to meet its needs and provide essential public services. Therefore, how a country’s tax system is to be set up should first and foremost take into account its own needs, both in terms of helping […]
