Atal Pension Yojana (APY) – Details of the Scheme 1. Introduction 1.1 The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS). To address the longevity risks among the workers in unorganised sector […]
Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. The scheme would be offered / administered through Public Sector General Insurance Companies (PSGICs) and other General Insurance companies […]
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme will be a one year cover, renewable from year to year, Insurance Scheme offering life insurance cover for death due to any reason. The scheme would be offered / administered through LIC and other Life Insurance companies willing to offer the product on similar terms with necessary […]
Procedure for registration in ACES for NEW Central Excise or Service Tax Assessee as the case may be (User who is NOT already registered in erstwhile SACER/SAP and wish to transact business afresh with CBEC for the first time through ACES): 1. Kindly go to www.aces.gov.in —-> Select Central Excise / Service Tax (as the […]
Liquefied natural gas (LNG) and natural gas (NG) when imported by GAIL for supply to a generating company as defined in clause (28) of section 2 of the Electricity Act, 2003 (36 of 2003) to supply electrical energy or to engage in the business of supplying electrical energy, for generation of electrical energy:
In view of the categorical finding of the Hon’ble Suprreme Court that the goodwill also falls under the expression ‘any other business or commercial right of a similar nature’and thus would be an asset under Explanation 3(b) to section 32(1) of the Act, we accordingly hold that the assessee is entitled to the claim of depreciation on goodwill.
There is nothing in Section 80I(2)(iv) to say that the relationship in order to qualify for the term employment must be one of master and servant and cannot extend to contractual employment. That the concept of permanent or direct workmen is the precondition envisioned in Section 80I(2) when it was the term employs does not appear to be reflected in the statute.
‘AND’ & ‘OR’ statements behave very differently. ‘AND’ signifies that both conditions are required to be satisfied while ‘OR’ signifies that only one condition must be met. Let us analyse how it has created big Confusion in Companies Act, 2013
1. The word ‘tax planning’ connotes the exercise carried out by the taxpayer to meet his tax obligations in proper, systematic and orderly manner availing all permissible exemptions, deductions and reliefs available under the statute as may be applicable to his case.
There are many people who went to U.S. as a dependent with their spouses and there are many who are highly educated professionals who follow their spouse to the United States for a better future for their family. Since they are not allowed to work with H4 visa, it would be nice to study for the CPA.
