• Feb
  • 09
  • 2016

The Definitive Guide to Why You Need Health Insurance

Added In Income Tax
With the rise of growing health care sector and the technology it has developed, the health care has become increasingly expensive. An average lower-middle-class man might just find himself in the midst of the most terrible crisis in case he faces a situation where he has to pay the hospital bills. A single visit to […]

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  • Feb
  • 09
  • 2016

5 Investment Options: The Road to a Tax-Free Retirement

Added In Income Tax
The investment options available in the market help you set aside a huge portion during your working years for your long-term needs. Further, these plans also offer tax benefits which make them an apt choice to invest in the present scenario when you are already looking for investment options to save tax. Here are some investment options that not only reap good returns in the long run but also save tax under Section 80C of the Income Tax Act.

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  • Feb
  • 09
  • 2016

Companies Law Committee Recommendations on Definitions under Companies Act, 2013

Added In Company Law
would like to highlight Recommendations of The Committee on various Definitions like Associate Company, Charge, Deposit, Related Party etc. under Companies Act, 2013. Such recommendations are given below:

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  • Feb
  • 09
  • 2016

CSR Obligation Under Companies Act, 2013

Added In Company Law
Section 135 of the Companies Act, 2013 and Rules made thereunder prescribe that every company having a net worth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more or a net profit of Rs 5 crore or more during any financial year shall ensure that the company spends, in every financial year at least 2 % of the average net profits made during the three immediately preceding financial years in pursuance of its Corporate Social Responsibility Policy.

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  • Feb
  • 09
  • 2016

Taxpayers’ may refuse to pay taxes by ‘noncooperation movement’ if corruption continues: HC

Added In Corporate Law
Brief of the Case Mumbai High Court held In the case of Pralhad @ Pratap s/o Tanbaji Pawar vs. State of Maharashtra that there has been a report also in the recent point of time that there are some more Corporations of the State of Maharashtra who have indulged into huge misappropriation of the taxpayers’ money in the alike fashion.

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  • Feb
  • 09
  • 2016

Is Retrospective applicability of Notification No. 02/2016-St Dated 02 February 2016, Possible?

Added In Service Tax
In the first week of February 2015, vide the Notification No. 02/2016-ST dated 02 February 2016 (hereinafter referred to as ‘the recent Notification’), the Central Government has specifically allowed refund of Swatch Bharat Cess (hereinafter referred to as ‘SBC’) paid on specified services on which ab-initio exemption is admissible and not claimed.

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  • Feb
  • 09
  • 2016

Art of Legal Writing: Impact and Analysis

Added In CA CS ICWA
This article is a humble effort on the given topic as a learner. It is an effort on a subject, which as a part of legal profession; I know is the one of the most important but yet an underrated area known as Legal Writing. Public perceives legal professionals to be good draftsmen. However, it’s a fact that time devoted towards developing art of legal drafting by legal professionals is much lesser than the time devoted towards analyzing and interpreting laws. In our education system also, much lesser time is devoted towards teaching of drafting skills to students in legal field.

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  • Feb
  • 09
  • 2016

Export of Services Rules Under Service Tax

Added In Service Tax
The Export of service Rules, 2005 were notified with effect from 15-03-2005 to determine whether a provision of service will be regarded as export of service. Like export of goods, service can also be exported without payment of duty/tax.

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  • Feb
  • 09
  • 2016

Budget 2016: Expectations from the Finance Minister

Added In Income Tax
Raising the limit for eligible deduction under Section 80C, 80CCC and 80CCD- Presently the Section 80 CCE provides for a cap of Rs. 1.50 lacs for deduction available under Section 80C, 80CCC and 80 CCD(1) taken together. The present limit of Rs. 1.50 lacs was raised from Rs. 1 lacs in the budget of 2014. The erstwhile limit of Rs. 1 lacs was fixed in 2003 for these benefits. It has been almost 14 years during which the limit has been just increased by 50% which works out to just 2.98% annually.

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  • Feb
  • 09
  • 2016

Applicability of Related Party Transactions under Companies Act, 2013 and SEBI (LODR) Regulations, 2015

Added In Company Law
This Table contains 17 Points of Applicability of Related Party Transaction under Companies Act, 2013 and SEBI (LODR) Regulation in the Tabular format. This is beneficial for my Younger Member who is Company Secretary of Listed Company and who is newly join a company. Related party is now a very complex issues now a days amongst the Company Secretaries.

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