Inder Chand Jain articles

Allahabad HC laments at inability of standing counsel in providing legal assistance to court

Allahabad HC criticizes political standing counsel appointments, demands a proper procedure. Recent cases highlight the need for qualified and accountable legal representation....

Posted Under: Corporate Law |

An inadvertent mistake does not constitute wrong/misleading information or suppression of facts: SC

Recent Apex Court decision safeguarding applicants/assessees from penalties for inadvertent mistakes in forms. Learn about the legal perspective on trivial errors....

Posted Under: Corporate Law |

Parents Need not be Senior Citizens to Claim Maintenance

Discover the truth about claiming maintenance under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007. Contrary to misconceptions, parents don't need to be senior citizens to avail benefits. Explore key definitions from the Act and a significant court judgment highlighting the entitlement of parents, whether senior citi...

Posted Under: Corporate Law |

TDS on Payment on transfer of certain immovable property other than agricultural land

Generate SEO meta description (160 Characters) Understand TDS implications under section 194IA of the Income Tax Act for the transfer of immovable property. Learn about the minimum limit, who should deduct TDS, and scenarios where TDS may not be applicable. Explore relevant case law to grasp the nuances of TDS on property transactions....

Posted Under: Corporate Law |

Freebies to Doctors not allowable as same is an Offence & Prohibited by Law

Ensure Compliance: Offering freebies to doctors may lead to serious consequences under Section 37(1) of the Income Tax Act. Any expenditure deemed an offense or prohibited by law is disallowed in income computation. The legal implications and disallowance criteria are clearly outlined. Stay informed with Circular No. 5/2012, emphasizing t...

Posted Under: Corporate Law |

Do Oral observations by Courts have sanctity in law

The recent oral observations by the vacation bench of the Apex Court in Nupur Sharma’s case has stirred a commotion amongst intellectuals on the sanctity of the  pungent oral observations made by Court during hearing especially when these observations do not find place in the final judgment pronounced by the Court. It is a matter [...

Presence of Counsel/CA during Search/Survey or Recording of statement should be allowed?

Should Presence of Counsel/CA be allowed during the course of Income Tax/GST Search/Survey & during Recording of statement? It is common knowledge that the officers of the Income Tax/GST Department seldom allow CA/Advocate of the assessees during the course of searches nor are the CA/Advocate allowed during interrogation or recording ...

Posted Under: Corporate Law |

Are Insurance Ombudsman effective & just alternate Grievance Redressal platform? 

It is common knowledge that the Insurance Companies repudiate insurance claims (life insurance, Health Insurance or general insurance) on technical grounds or grant inadequate claims. The suffering policyholders have to move to Courts or Consumer Forums for due Redressal but this process is time, energy taking and frustrates the very purp...

Posted Under: Corporate Law |

Personal use of Mobile phones in Govt Offices tantamount to Misconduct & Indiscipline- strict action imperative

D. S. Radhika vs. The State of Tamilnadu & others (Madras High Court)

D. S. Radhika vs. The State of Tamilnadu & others (Madras High Court) It is common knowledge that people of all ages, groups, background, regions, states, cities & villages in our country are obsessed with mobiles. This obsession has increased with free calls, free messages, free whatsApp, free twitter, free Facebook, free unlimit...

FM Madam: Please withdraw Super Rich Tax

It is an anomaly that Individuals & HUFs are being subjected to Income Tax at the highest rates. Majority of the Corporate Sector is paying Income Tax of 25.17% including cess & surcharges. The LLPs & Partnership entities pay 31.2% Income Tax including cess. But, with the introduction of Super Rich Tax in Budget 2019, [&hellip...

Posted Under: Corporate Law |

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