The Transfer of Property Act, 1982 came into force on the 1st July, 1882. In the first instance it extends to whole India, except some states at the time of independent of India. Section 5 defines transfer of property means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself and one or more other living persons; and “to transfer property” is to perform such act.
Goods and Service Tax (GST) will be levied on taxable supply of goods and services. GST will be levied on value addition on each stage of supply of goods and services by allowing setoff facilities at each stage to avoid double taxation. GST is the demand of the country. The Central Government is very serious in this regard and we hope that it will be enforced after 1st April, 2016.
Implementation of ‘Goods and Service Tax’ (GST) is a dream project for recent and earlier governments. The business fraternity and all stakeholders in national economy wish that it will be implemented as soon as possible. GST will benefit all stakeholders and end users providing simple and hassle free way of taxation. Gone are the days when we bear cascading effects of taxes due to faulty taxations laws.
The Central Government led by Mr. Narendra D. Modi is doing a lot to create good business environment in the Country. They have started “Make in India” and recently Start Up India to encourage the new and young entrepreneurs. The GST i.e. Goods and Service Tax is the dream project of the government earlier governments had also done a lot to shift towards GST regime. The Goods and Service Tax regime will be boon for industry as well as for our consumers.
Lease: is defined as a lease is an arrangement whereby the lessor conveys to lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. In an agreement of Lease the Lessor and the Lessee enter into an arrangement in which lessor transfer right to use an asset to Lessee against a payment of Lease Rental for a period of time.
Insurance is a contract in which one party , known as the insured or assured , insures with another person, known as the insurer , assures or underwriter, his property of life or the life of another person in whom he has a pecuniary interest, or property in which he is interested , or against some risk or liability, by paying a sum of money as a premium.
We are living in modern world, where some degree of nuisance are tolerable relating to noise, dust, pollution, smell, smoke and escape of effluents etc. We are daily facing various types of nuisance and we ignore to some extent. Nuisance may come from your neighbours, your locality, and your state or even from various other authorities.
The skill of medical practitioners differs from doctor to doctor. The very nature of the profession is such that there may be more than one course of treatment which may be admissible for treating a patient. Courts would indeed be slow in attributing negligence on the part of a doctor if he has performed his duties to the best of his ability and with due care and caution.
Our constitution has given us various rights and obligations as a citizen of India. The Fundamental Rights to the citizen of India can be enforce through High Courts or Supreme Court of India according to the provisions of Article 32 of the Constitution. The High Courts or Supreme Court of India has power to issue various types of directors or orders or writs for enforcement of fundamental rights of citizen according to Article 32.
CS Deepak Pratap Singh The Government of India has introduced various types of business structures for doing business. An entrepreneur can choose one from various business structures available according to their suitability. These are Proprietorship, Firm, AOP, One Person Company, Private Limited Companies, Public Limited Companies, Limited Liability Partnerships etc. A Private Limited Company or […]
