Question
Which doctrine does Vicarious Liability follow,
involving the responsibility of a superior for the acts of its subordinate?Solution
Tort law: Vicarious Liability follows the doctrine of ‘Respondeat Superior’- the responsibility of a superior for the act of its subordinate. One of the most common forms is the imposition of liability on the employer for the acts of his/her employee. To be more precise a master is liable for the acts of his/her servant.
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
Mr. Raj, a salaried individual, claims HRA, standard deduction, and 80C deductions under the old regime. He is considering switching to the new tax regi...
A company avails ITC (Input Tax Credit) on office furniture purchase. Later, GST auditor disallows it. Is he right to do so, support your answer with re...
A domestic company reports ₹2 crore as book profit. As per section 115JB, if its normal tax liability is ₹12 lakh, what is the Minimum Alternate Tax...
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
First Auditor of a company is appointed by the ________________________
Mr. Raj, a salaried employee, earns ₹12 lakh salary and ₹1.5 lakh interest income. He claims ₹1.5 lakh under Section 80C and ₹50,000 under Secti...
A trader crosses the threshold limit for GST registration in June. He registers on July 10. He raises a taxable invoice on July 5. Is GST applicable?
Residential Status of a Person is determined for
A company receives rent of ₹6 lakh in FY2024–25. It has to deduct TDS under which section?
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