Delhi HC - Daughter in Law cannot claim share in in-laws propertyDelhi High Court has held that the old parents whose relations with their son and daughter-in law turn sour have every right to show them the door and the daughter-in law cannot claim a ..
SERVICE TAX ON RENT-UNCONSTITUTIONAL KIRIT S. SANGHVI, CA As per the news item the Honourable Delhi High Court has struck down the provisions of service tax in relation to renting of immovable property for use in the course of furtherance of business ..
FRINGE BENEFIT TAX MUST GO T.C.A.RAMANUJAM Fringe Benefit Tax was introduced in the Income tax Act, 1961 through the Finance Act, 2005 which incorporated Chapter XII-H in the Act w.e.f 1.4.2006. It contains provisions relating to definitions, charge ..
RECENT CHANGES IN THE PROVISIONS REGARDING TAX DEDUCTION AT SOURCE (TDS) AND TAX COLLECTION AT SOURCE (TCS)DR. VINOD K. SINGHANIA This article examines the impact of the amendments made by the Income-tax (Sixth Amendment) Rules, 2009, Income-tax (Sev ..
NEW PENSION SCHEME - AN OVERVIEW Sudhir Halakhandi The Government of India has announced that New Pension Scheme (NPS) is open for all the citizens from 1st. May 2009 hence it will be useful for all the citizens of the country who do not have any so ..
There is a difference of opinion in the Finance Ministry on the way the Cenvat rate (excise duty rate) should move in the coming days. Different groups are pulling in different directions. Some senior officials advocate that the median Cenvat rate sh ..
HIGH COURT OF DELHIHarbans Lalv.Registrar of CompaniesDR. S. MURALIDHAR, J.CRL. M.C. NOS. 2264-67 OF 2006AND CRL. M.A. NOS. 3621-22 OF 2006MARCH 20, 2009Section 234 of the Companies Act, 1956 - Power of Registrar to call for information or explanatio ..
Residents of the Mumbai metropolitan region who were short-changed by builders while buying flats will get stamp duty refund provided the transaction remains incomplete. The Maharashtra Government has decided to amend Section 48 (1) of the Bombay Sta ..
Market regulator SEBI imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and TCS in the future and options market. However, SEBI said no quantifiable f ..
The income-tax department has the right to carry out a raid and attach property, if it has reason to suspect that income is likely to escape tax net in absence of prompt action, a division bench of the Bombay High Court has ruled. The division bench, ..
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