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Allowability of CSR Expenditure under Income Tax Act, 1961

October 3, 2019 102279 Views 1 comment Print

CORPORATE SOCIAL RESPONSIBILITY (CSR) is a self-regulating process, through which corporate link their activities with common public. The Corporate generally using resources, whether it is natural or human to amass big profits and through Corporate Social responsibility, they will take social responsibility to develop local area and people living in that area. The Corporate through […]

Some Facts Related To Fugitive Economic Offenders Act, 2018

September 13, 2019 1476 Views 0 comment Print

Since last 15 years we have witnesses various scams and frauds by various political and businessmen have done. The fugitives, whether they are politicians or businessmen has run away with hard earn money of general public. Even we have saw for then the rules and regulations of our country has been amended or interpreted such […]

Whistle Blower Policy and Insurance Companies

August 11, 2019 4350 Views 0 comment Print

WHISTLE BLOWER POLICY IN INSURANCE COMPANIES A Whistle Blower is a person who exposes any kind of unethical activity, item or information that is deemed to be illegal, unconstitutional or not correct in an organisation. A business organisation is established for profit through business transactions. The business should be carried out according to rules and […]

Power of Attorney Transactions are not Benami Transactions

August 11, 2019 4962 Views 0 comment Print

Supreme Court held that as under on the validity of a SA (Sale Agreement)/GPA (General Power of Attorney)/WILL transactions as under; SA/GPA/WILL transaction does not convey any title nor create any interest in an immovable property. The Immovable Property can be legally and lawfully transferred/conveyed only by registered deed of conveyance.

Neglignce And Legal Liability In Insurance

July 29, 2019 5049 Views 0 comment Print

Understand negligence and legal liability in insurance. Learn about the risks businesses face and how they can lead to financial loss.

Fundamental of Base Erosion and Profit Shifting

July 11, 2019 3075 Views 0 comment Print

Base Erosion and Profit Shifting (BEPS) has emerged as one of the most important challenges for governments all over the world. The Liberalization, Privatization and Globalization (LPG) has resulted; Free movement of Capital and Labour; Shift of manufacturing base from high cost to lower cost locations; Gradual removal of the trade barriers, and Rise of digital […]

Whether Court can Review Orders, Decision or Actions of IT Department

July 2, 2019 1287 Views 0 comment Print

Section 293 of the Income Tax Act,1961-provides that no suits in any civil court shall be filed to set aside any order made, proceedings or action taken by the department or any officer of the government or anything done in good faith.

Anti-Profiteering Measures under Goods & Services Tax Act 2017

June 5, 2019 6318 Views 0 comment Print

ANTI -PROFITEERING UNDER GOODS AND SERVICES TAX ACT, 2017 Goods and Services Tax Act, 2017 has been implemented in India from 1st July, 2017. The GST is the biggest tax reform witnessed by the Independent India. The GST has sought to consolidate a vide varieties of Central and State Taxes. Goods and Services Tax Act, […]

Benami Transaction – Prohibition of Benami Transactions Act, 1988

April 29, 2019 10980 Views 1 comment Print

BENAMI TRANSACTIONS”, THE PROHIBITION OF BENAMI PROPERTY TRANSACTIONS ACT, 1988 Preamble; An Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto. “BENAMI” the word is combination of a Persian Words, as “be” means without and “nam” means name, i.e. “Benami” means “Without Name”. […]

Check List for Reporting of External Commercial Borrowings

April 22, 2019 41955 Views 1 comment Print

EXTERNAL COMMERCIAL BORROWINGS; External Commercial Borrowings (ECBs) are loan made by non-resident lenders in convertible foreign exchange to the Indian borrowers. ECBs are the instruments through which loans are availed by India borrowers from foreign sources. ECBs include bank loans, buyer’s credit, supplier’s credit, securitised instruments, such as floating rate notes, fixed rate bonds, etc. […]

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