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Withdraw GST on Affordable Housing & amend thresholds of the same

September 16, 2019 2673 Views 1 comment Print

Appeal to FM to do away with GST on Affordable Housing & amend the thresholds of Affordable Housing The Real Estate Sector is the worst affected due to acute recession in the economy. The steps announced in the Budget 2019 & the remedial measures announced thereafter have not provided any respite to the ailing Real […]

Plea to FM to withdraw Super Rich Surcharge on LTCG on sale of Immovable Property 

September 10, 2019 3066 Views 0 comment Print

Urge to the FM to revoke Super Rich Surcharge on LTCG from the sale of properties. The current recession has hit the economy hard, causing layoffs and shutdowns across sectors.

Open Letter to FM: Suspend Section 43CA & 56(x) to revive Sick Real Estate Companies

September 6, 2019 16545 Views 4 comments Print

Real Estate Sector needs a bigger dose of corrective measures and concessions to bring out this sector from the red. One of the Demands of the Real Estate Sector is to Suspend Section 43CA & Section 56 (x) of the Income Tax Act.

MSME Act 2006- How far it has succeeded in combating the menace of ‘Delayed Payments’

August 28, 2019 3921 Views 0 comment Print

Explore the effectiveness of the MSME Act 2006 in tackling the issue of delayed payments. Discover how it has impacted the cash flow of the MSME sector.

New Cheque Bounce Provisions give MSME’s more power in Cheque Bounce Cases

August 19, 2019 12168 Views 1 comment Print

An Amendment Act was brought by the Government to meet reducing the undue delay in the cases of dishonor of cheques and to provide payment of interim compensation to the complainants. The MSME’s in particular have been representing that due to delay tactics, easy filing of appeals and obtaining stay on proceedings, the very purpose of section 138 of the NI Act was being frustrated.

Would Demonetisation eradicate Black Money & Corruption?

December 19, 2016 8956 Views 8 comments Print

PM Modi demonetised Rs. 1000/- & Rs. 500/- denomination currency notes with a view to eradicating Black money from our economy, end rampant corruption, contain the use of counterfeit & fake currency and to put a full stop on cash funding by our neighbour countries to the terrorist outfits. It is undisputed that the intention […]

Cashless Economy- Are we ready?

December 13, 2016 5185 Views 7 comments Print

After Demonetisation, the sole emphasis of the Government is on Cashless Economy or Digital payments. The bold step of demonetisation taken by the PM would become a nullity if the whole country does not adopt cashless transactions. The government wants every citizen to open bank account and use the option of debit cards, credit cards […]

Why IDS 2016 is not clicking?

July 30, 2016 30473 Views 3 comments Print

Newspapers, periodicals, TV channels are full of advertisements of Income Declaration Scheme 2016. Hoardings, banners, posters and handbills highlight the details of the Scheme. PM, FM and top brass of the Income Tax Department are beckoning people to declare their undisclosed incomes and contribute to the nation’s mite.

Doctrine of Clean Hands in Taxation Proceedings

June 28, 2015 5360 Views 0 comment Print

The doctrine is often stated as those seeking equity must do equity or equity must come with clean hands’. It is settled law that a person who approaches the Court for granting relief, equitable or otherwise, is under a solemn obligation to candidly & correctly disclose all the material/important facts which have bearing on the adjudication of the issues raised in the case.

Premeditated Orders passed on the same day of hearing to be set aside

February 22, 2015 1550 Views 0 comment Print

Find out why premeditated orders passed on the same day of hearing should be set aside. Discover the impact on natural justice and the violation of basic principles.

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