Can a Single Transaction Give Rise to Tax Consequences?

SCC Online Blog (2021)

4 Pages Posted: 5 May 2021

Date Written: April 28, 2021


Tax laws are generally directed to tax businesses or entities which engage into regular transactions. Their coverage, however, is much wider in so far as these laws generally carry specific provisions to tax even one-off transactions, casual activities or irregular events. This article attempts to capture the legal position in India as regards taxation of such events under Indian tax laws relatable to both direct and indirect taxes.

Keywords: Taxing single transaction, Taxing casual activities, Tax non-business dealings

JEL Classification: H25, H26, K34

Suggested Citation

Jain, Tarun, Can a Single Transaction Give Rise to Tax Consequences? (April 28, 2021). SCC Online Blog (2021), Available at SSRN:

Tarun Jain (Contact Author)

Supreme Court of India ( email )

New Delhi

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