Tax Deduction at Source on transfer of certain immovable properties (other than agricultural land) [Section 194-IA] Analysis of Section 194-IA20 1. Person liable to deduct TDS u/s 194-IA Any person (transferee), other than the person referred to in section 194LA, responsible for paying to a resident transferor any sum by way of consideration for transfer […]
In a nutshell, a trademark registration application is filed with the Trade Marks Registry’s Head Office or a branch office in the territory where the applicant’s principal place of business is located. At the separate offices, the application is digitized and checked for formality. The application is then scrutinized to see if the relevant mark […]
The banks and financial institutions have been facing their worst experiences for the last few years in their management of NPAs such as in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi etc.
As we approach the year-end, it’s time to review the tax savings options for the individuals (especially salaried class) to save on taxes and earn some value out of the investments made. It has been seen that people generally don’t review their income structure timely and at the time of filing of returns, they realize […]
PM CARES for Children Scheme Extended up to 28th February, 2022 The Ministry of Women and Child Development, Government of India has extended the PM Cares for Children Scheme till 28th February, 2022. Earlier the scheme was valid till 31st December, 2021. A letter in this regard has been written to all Principal Secretaries/ Secretaries, Women and […]
The PM CARES for children scheme inter alia provides support to these children through convergent approach, gap funding for ensuring education, health, monthly stipend from the age of 18 years, and lump sum amount of Rs. 10 lakh on attaining 23 years of age.
BENEFITS FOR RETIRED EMPLOYEES – UNDER INCOME TAX LAW > Higher Basic exemption limit > Exemption from tax on amount received as Gratuity, Commuted Pension, Leave Encashment and from Provident Fund > Higher deduction for Medical Insurance Premium > Higher deduction limit for interest from Banks and Post Office ………….and many more BENEFITS UNDER DIRECT […]
Finance Minister Nirmala Sitharaman chairs post-Budget meeting with heads of Banks, NBFCs and Financial Institutions. Finance Minister exhorts all banks to sign up to Account Aggregator Framework, says it will improve credit flow and promote digital lending. Meeting emphasizes that Benefits of digital banking should reach every nook and corner of the country in a […]
(1) The State Government may categorize inland water areas, based on the maximum significant wave height criteria, as Zone 1, Zone 2 and Zone 3, as stipulated below. (2) Vessels shall therefore be designed, constructed and maintained for service in the most onerous zone that it intends to operate in.
Rajasthan Government notifies ‘Amnesty Scheme-2022′, as the scheme, for rebate of tax and settlement of outstanding demands and disputed amounts. This scheme shall come into force with immediate effect and shall remain in force upto 31.8.2022. FINANCE DEPARTMENT (TAX DIVISION) Jaipur, February 24, 2021 In pursuance of clause (3) of Article 348 of the Constitution […]
