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Archive: 22 August 2024

Posts in 22 August 2024

State wise professional tax slab rates 2024-2025

August 22, 2024 55122 Views 2 comments Print

Explore professional tax slab rates for 2024-2025 across Indian states. Understand how your income determines the tax rate in Andhra Pradesh, Maharashtra, and more.

The Perks of Group Health Insurance & Its Importance

August 22, 2024 438 Views 0 comment Print

Health Insurance is gaining popularity among the Indian population because it provides financial security and ensures a stress-free life for family members in case of critical illness of family earner and covers hospitalisation and medical expenses.

Analysis of Notifications and Circulars for Week Ending 18th August 2024

August 22, 2024 525 Views 0 comment Print

The week ending 18 August 2024 saw notable regulatory updates across various domains. In Income Tax, exemptions were granted to the West Bengal Transport Workers Social Security Scheme and Unique Identification Authority of India under Section 10(46) for specified incomes. The Delhi High Court ruled against reassessment under Section 148 post-approval of a resolution plan […]

अखिल भारतीय बार परीक्षा (AIBE) का औचित्य?

August 22, 2024 2130 Views 0 comment Print

AIBE की प्रासंगिकता और इसके प्रभाव का विश्लेषण। क्या AIBE वकीलों की गुणवत्ता सुनिश्चित करने में सफल हो रहा है या यह सिर्फ एक औपचारिकता है?

Addition of value of shares granted under Employees Stock Purchase Scheme as perquisite not sustained

August 22, 2024 429 Views 0 comment Print

Delhi High Court held that addition of value of shares granted under the Employees Stock Purchase Scheme as perquisite in terms of section 17(2)(iiia) of the Income Tax Act unsustainable in law.

ITAT Jaipur Allows Section 80P Deduction on Interest Income

August 22, 2024 336 Views 0 comment Print

ITAT Jaipur rules in favor of Hitkari Vidyalaya Sahkari Shiksha Samiti Ltd, allowing 80P deduction on interest income from cooperative banks for AY 2017-18 & 2020-21.

Notice u/s. 148 cannot be issued after expiry of four/six years: Delhi HC

August 22, 2024 2241 Views 0 comment Print

Delhi High Court held that that no notice under section 148 of the Income Tax Act shall be issued if four years “but not more than six years” have elapsed from the end of the relevant assessment year.

Aadhaar Authentication Approved for Two Insurance Firms

August 22, 2024 1314 Views 0 comment Print

The Indian government permits Go-Digit and Acko Life Insurance to perform Aadhaar-based authentication under the Money-laundering Act, ensuring privacy and security standards.

SC Strongly Castigates & Reprimands West Bengal Government For Mishandling Horrific Case

August 22, 2024 690 Views 0 comment Print

Supreme Court condemns West Bengal mishandling of a doctor brutal murder, highlighting police inaction and the need for stricter laws and accountability.

SC Recommends Three Advocates for Delhi High Court Judgeship

August 22, 2024 564 Views 0 comment Print

The Supreme Court Collegium recommends three advocates—Ajay Digpaul, Harish Vaidyanathan Shankar, and Shwetasree Majumder—for appointment as Delhi High Court judges.

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