USE OF SECTION 144A OF INCOME TAX ACT 1961Assesements under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criterias for selection of cases for scrutiny has been increased. While making the assessement the assessing officer has to apperici ..
Rules of natural justice are important part of fundamental rights as enshirined in our constitution. Rules of natural justice means fair play in action i.e. to save the citizens from arbitrariness in administrative or quasi judicial action. Rules of ..
The VAT Department in Punjab has started issuing the notices for assessements for the year 2005-2006 under section 29 of Punjab Value Added Tax Act 2005 to the dealers across the state. The notices u/s 29 of PVAT Act 2005 can be issued within 3 year ..
The deterioration in the overall asset quality of banks — gross non-performing assets (NPAs) are reportedly 27% higher at the end of December 2009 than at the end of December 2008 — is not surprising. Any slowdown in growth is bound to tr ..
60TH REPUBLIC DAY "LOKNAYALAYA - JUDICARY WORKING" KUDOS TO ALL JUDGES AND ADVOCATES OF MAHARSHTRA THE LOWER JUDICARY IN MAHARASTHRA WERE WORKING ON 60TH REPUBLIC DAY. THE MAGISTRATES IN MAHARASHTRA STATES WERE CELEBRATING THEIR 60TH ..
Bollywood is mirroring in its films the ‘live-in’ relationships, a recent social phenomenon that is spreading in Indian society. Hindi movies like Fashion, Raaz, Salaam Namaste so on are all embedded with this theme. Present society is f ..
Benefits under West Bengal Apartment Ownership Act,1972 This Act provides for the ownership of an individual apartment in a building and to make such apartment heritable and transferable property. By submitting to the provisions of this ac ..
In order to make exports of services from India internationally competitive, the Government of India has zero rated such exports. Consequently, the services exporting community is entitled to obtain refunds of input tax credits or utilise such credit ..
The Central Board of Direct Taxes (CBDT) is in a fix over the application of one safe harbour rate to all sectors. A committee, formed last month to frame safe harbour rules as announced in the 2009-10 Budget to minimise transfer pricing disputes, ha ..
To prevent misuse of class action suits, the new Companies Act may specify a minimum number of shareholders or creditors of companies for exercising the right to file such cases, the Corporate Affairs Minister, Mr Salman Khurshid, has said. This is a ..
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