Constitutional Provisions Regulating Business Activities and Tax Regime

Authors

  • Neeraj Gupta Upper Ganges Sugar and Industries Ltd., (a Unit of Birla Group of Sugar Industries), Seohara

DOI:

https://doi.org/10.33516/maj.v51i3.74-86p

Abstract

In today's world, business activities have no longer remained merely adding value to some input or providing service with the intention of earning profits and gains there from. These activities are to be performed within a vast regulatory framework. Since the laws to be followed are enormous and the nature of compliances to be made is complex, these are bound to create a lot of confusion and debate. Hence, it has become necessary for those engaged in such activities, not only to know about the relevant laws they have to comply, but also to assess, whether these are being rightly framed, properly applied and judiciously interpreted. The document which can be referred to assess any law, taxes or duties on these yardsticks is the Constitution of India, the master of all laws of the land. Being a guiding document, Constitution is the source from which emanates the laws related to any activity in general and the business activities in particular.

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Published

2016-03-01

How to Cite

Gupta, N. (2016). Constitutional Provisions Regulating Business Activities and Tax Regime. The Management Accountant Journal, 51(3), 74–86. https://doi.org/10.33516/maj.v51i3.74-86p

Issue

Section

Law and Taxation