Preamble: An Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto.
'BENAMI' the word is combination of a Persian Words, as 'be' means without and 'nam' means name, i.e. 'Benami' ..
The Government has done a lot to remove income disparity, poverty, illness and discrimination in India. The Government has also contributed in social welfare of the society. We are living in a welfare state, where government is by the people and for the people. I..
TRANSFER OF LAND AND ITS DEVELOPMENTS RIGHTS UNDER GST REGIME
We generally consider land as an immovable property, it is a part of surface of Earth not covered by water or land is an area of ground, especially one that is used for a particular purpose such as farming or building.
Now we have t..
The Goods and Service Tax Act, 2017 (GST) is the most ambitious, stronger and best decision of recent government. Through GST Legislation, we have sub-merge 17 taxation laws into one GST. The concept of One Tax One Nation to some extent fulfilled with the implementation of GST.
The mute matter i..
DEDUCTION IN RESPECT OF DONATIONS TO CERTAIN FUNDS, CHARITABLE INSTITUTIONS [SECTION 80G], INCOME TAX ACT, 1961.
The Government has done a lot to remove income disparity, poverty, illness and discrimination in India. The Government has also contributed in social welfare of the society. We are liv..
Dear friends we have discussed regarding types of Letters of Credits and international rules and regulations applicable in my previous article. The UCP 600 Rules have been adopted by many countries, though these rules are not enforceable in any state or country. The UCP 600 Rules and its provisions ..
FOREIGN VENTURE CAPITAL INVESTORS AND RELATED REGULATIONS
Venture Capital is a type of seed funding in which investment is made at the initial growing stage of ventures. It is a financing to small and start-up ventures, which has high risk and potential to develop near future. The Venture Capita..
The Central Government is continuously working to curb and stop black money circulations in our country. In order to achieve their motto Central Government has introduced provisions of Section 269ST and 271DA in the Income Tax Act, 1961, with effect from 1st April, 2017.
The main features are:
This is a type of assessments that focus on those assessments which are made to ‘protect’ the interest of the revenue.
Protective Assessment is permissible in law. It is occasioned when an income is offered by one person, while the Revenue considers that such income is asses..
Limited Liability Partnerships are one of the most preferred business structures for service sector and for small and medium enterprises.
Limited Liability Partnership concept of business structures are preferably used in UAS, UK, Canada, Japan and various other countries.
In India Limited Lia..