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Taxation Law: Three Important Internal exam questions with answers

Q1. What is Income? How many types of income are there? Explain. Definition of Income: Income refers to any monetary or non-monetary gain derived by an individual, business, or organization that is subject to tax. Under the Indian Income Tax Act, 1961, income includes profits, gains, dividends, and other receipts that may accrue or arise in a financial year. Types of Income: The Income Tax Act categorizes income into five heads under Section 14: 1. Income from Salary: Earnings received by an individual from an employer-employee relationship. Case Law: CIT v. L.W. Russel (1964) clarified that salary includes all allowances, perquisites, and bonuses. 2. Income from House Property: Rent or annual value derived from owning a building or land appurtenant to it. Case Law: Sultan Brothers Pvt. Ltd . v. CIT (1964) emphasized that property income depends on its usage. 3. Profits and Gains of Business or Profession : Income from trade, commerce, manufacturing, or services. Case Law: Barendr
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MDU LLB 3 years 3rd sem Previous years Question papers PYQs [All Subjects]

LLB 3years 3rd sem PYQs
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The Power of Respect: Understanding the Impact of a Wife’s Relationship with Her Husband’s Mother

"If a wife hates the mother of her ideal husband then she cannot get her husband's love." - Dev India The relationship between a wife and her husband’s family, especially his mother, plays a critical role in the harmony of a marriage. Just as a strong and respectful connection with in-laws can enrich a marriage, resentment or tension can cause strains that affect the bond between husband and wife. One key principle that underlies successful marriages is understanding that a husband’s mother holds a special, irreplaceable place in his life. A wife’s feelings towards her mother-in-law can deeply impact her relationship with her husband, as well as the overall family harmony. This article explores the significance of respect, patience, and compassion in building a loving marriage where both partners and their families feel valued. Mothers often hold a deep, emotional connection with their sons that has been nurtured since childhood. This bond is foundational and becomes part
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भारत के अनमोल रत्न: सर रतन टाटा के निधन पर भावपूर्ण श्रद्धांजलि!

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भारत के अनमोल रत्न: सर रतन टाटा के निधन पर भावपूर्ण श्रद्धांजलि! भारत के उद्योग जगत के महानायक, परोपकारी और अद्वितीय व्यक्तित्व के धनी सर रतन टाटा के निधन ने न केवल भारत, बल्कि पूरे विश्व में शोक की लहर दौड़ा दी है। यह कहना अतिशयोक्ति नहीं होगी कि उनके निधन से एक युग का अंत हो गया है। उनका जीवन और कार्य हमें न केवल आर्थिक विकास का मार्ग दिखाते हैं, बल्कि समाज और मानवता के प्रति उनकी गहरी संवेदनशीलता भी हमें प्रेरित करती है। प्रारंभिक जीवन और शिक्षा 28 दिसंबर 1937 को मुंबई में जन्मे सर रतन टाटा ने टाटा परिवार की परंपराओं को आगे बढ़ाया और उन्हें नई ऊंचाइयों पर पहुंचाया। वे अपने दादा सर जमशेदजी टाटा और पिता नवल टाटा के बाद टाटा समूह की बागडोर संभालने वाले प्रमुख उद्योगपतियों में से एक बने। उनकी प्रारंभिक शिक्षा मुंबई के कैथेड्रल और जॉन कॉनन स्कूल में हुई, जिसके बाद वे अमेरिका के कॉर्नेल विश्वविद्यालय से आर्किटेक्चर में डिग्री प्राप्त करने गए। उनकी शिक्षा ने उन्हें न केवल व्यवसायिक दृष्टिकोण में उत्कृष्टता प्राप्त करने में मदद की, बल्कि उन्हें एक वैश्विक दृष्टिकोण और आधुनिकता क
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