post offices

The Public Provident Fund is the darling of all tax saving investments.No wonder! You invest in it and you get a deduction on your income. Besides, the interest you earn on it is tax-free. Since it is a scheme run by the Government of India, it is also totally safe. You can be sure no one is going to run away with your money. Here, we summarise the scheme, tell you how to open a PPF account and what to expect. Full Article

The Law Commission is in favour of amending the country's archaic Indian Stamp Act 1899 and the Court-fees Act 1870, which entail payment of stamp duty on instruments and court-fee on documents to be filed in courts only in the form of adhesive stamps or stamped papers.Taking up the obsolete statutes suo motu for a thorough study, the Law Commission headed by Dr Justice A.R. Lakshmanan in its latest report tabled in Parliament, said in the recent past there have been sca.. Full Article

"This new service will enable public to locate their mails, especially speed post, by sending an SMS and they will receive the location of their mail," T Murthy, post master general, Tamil Nadu circle, business development and marketing, told reporters in Chennai. Full Article

SUMMARY OF CASE LAW Repayment of the deposited amount with interest on maturity by the Post Office cannot be treated as consideration for transfer of  Indira Vikas patra (IVP) by the holder for the purpose of section 48. Full Article