Income Tax Act, 1961 – Can the Assessee claim deduction for expenditure incurred for such income which is exempt from Tax ? Brief facts Assessee was a dealer in Shares and Securities. 63 % of the Shares, which were purchased were sold and the income derived therefrom was offered to Tax as Business income. The remaining …
Section 138 read with Section 142 of Negotiable Instruments Act, 1881 – Section 482 0f Code of Criminal Procedure – Cognizance of an offence punishable under Section 138 of the Negotiable Instruments Act, 1881, taken on the basis of a cause of action that has not accrued at the time of making the complaint but …
Yogendra Pratap Singh Vs. Savitri Pandey & Anr.[SC] Read More »
Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India – Considering the report of the World Bank and the International Finance Corporation, entitled “Doing Business 2012: Doing business in a very Transparent World” in which India has been ranked at a low of 132 amongst a sample of 183 Countries, …
Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957– SEBI has with a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 (“SCRR, 1957”), allowed the following additional methods:- Rights Issues to public shareholders, with promoters/promoter group shareholders …
Overseas Direct Investments – Rationalisation of Form ODI: RBI Vide RBI/2012-13/171 A. P. (DIR Series) Circular No.15 informed that in terms of Regulation 15(iii) of the Notification ibid, an Indian Party is required to submit to the Reserve Bank through the Authorised Dealer every year within 60 days from the date of expiry of the …
1. Word: “Malfeasance” Meaning: Misconduct or wrongdoing, especially by a public official. Example:The government wants to draw a line under the glut of financial malfeasance Pronounciation: mal+fea+sance 2. Word: Ratification Meaning: the act of ratifying; confirmation; sanction. Example: We should remain in mind that it is not a time bound agreement and its implementation …
Case/Question decided Mr. X, son of Mr. Y, has died in an accident. Then Ms. Z, mother of Mr. X made a claim against the insurance company stating that Mr. X was employed as driver by Mr. Y and Mr. X has died during the course of the said employment. The question that has been …
[vc_row][vc_column][vc_column_text]Introduction A Trademark is a name or a logo or a jingle or a piece of original music, the means by which a business makes itself visible in the marketplace. A trademark is “a word, symbol, numeral, combination of colours or a device that is used in trade on goods to indicate the source of …
Compliance for the month of September, 2012 S.No. Compliance Forms to be Filed Relevant Law Due Date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th September 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th September 3. Profession Tax Monthly Return Form V Andhra Pradesh Tax …
Imposing fees on certain e- forms filed with ROC, RD or MCA (HQ) under MCA-21 where present no fee is prescribed – MCA has in furtherance to its circular dated 21st June 2012 and 27th July, 2012 released General_Circular_22/2012 dated 3rd August, 2012 intimating that the fees on 23B has been further deferred for one week …
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