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Impact of SARFAESI Act, 2002 on Banking Practices

October 13, 2024 1974 Views 0 comment Print

Explore how the SARFAESI Act transformed banking practices, enhancing recovery processes while raising concerns about borrowers’ rights in India.

Demanding Sexual Favour From Wife Not Cruelty: All HC

October 13, 2024 1194 Views 0 comment Print

Allahabad High Court quashes a wife’s cruelty case, ruling it stemmed from sexual incompatibility, not dowry demands or abuse.

जीएसटी एक्ट में जारी अधिसूचना की समीक्षा: नवीनतम बदलाव

October 13, 2024 1500 Views 0 comment Print

8 अक्टूबर 2024 को जीएसटी अधिनियम के तहत नई अधिसूचनाएं जारी की गई हैं। जानें प्रमुख बदलाव और करदाताओं को मिलने वाली राहत के बारे में।

Beneficial Ownership Disclosure Requirements for Companies

October 13, 2024 7026 Views 0 comment Print

Effective October 27, 2023, companies must designate a person for beneficial ownership disclosure under updated MCA rules. Compliance process outlined.

Time of Supply for HAM Contract: Invoice or Payment Date, Madras HC

October 13, 2024 1248 Views 0 comment Print

Madras High Court clarifies that tax liability under HAM contracts arises on invoice issuance or payment receipt, not upon project completion.

Motor Vehicle Parts Classified Under HSN 8708, Attracting 28% GST: AAAR Andhra Pradesh

October 13, 2024 6828 Views 0 comment Print

AAAR confirms that motor vehicle parts are classified under HSN 8708, attracting a GST of 28%, ensuring clarity on car seat cover taxation.

Why Income Tax Notices for Additional Tax on Capital Gains?

October 13, 2024 6387 Views 2 comments Print

Taxpayers receiving income tax notices for additional tax on capital gains due to changes in Section 87A interpretation, affecting STCG and LTCG exemption.

Key Amendments to Capital Gains in Budget 2024-25

October 13, 2024 14055 Views 0 comment Print

Explore key amendments under capital gains in the 2024-25 budget, including changes to buyback tax, indexation removal, and capital asset transfer exemptions.

Delhi HC Criticizes Frivolous Appeal Against Acquittal in Rape Case

October 13, 2024 555 Views 0 comment Print

Delhi HC rebukes state for filing a frivolous appeal challenging acquittal in an attempt-to-rape case, highlighting misuse of judicial resources and time.

Amendment regarding capital gain under Income Tax Act,1961

October 12, 2024 11079 Views 0 comment Print

Finance Act 2024 modifies capital gains tax rules, including indexation removal and changes to holding periods for asset classification under the Income Tax Act.

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