The Government has given clearance for deduction of tuition/school fees paid for the education of children. The summary for the same is as follows: Deduction from taxable income under Section 80C is available to individual taxpayers up to a maximum amount of Rs1 lakh for education expenses incurred for one’s children. Each parent can claim … Continue reading “Clearance for Deduction of Tuition/School fees paid for education”
Supreme Court will track down the details of cases against MP’s & MLA’s that are pending since 2014. The aim of this action is to put a full stop on politicians facing criminal charges from contesting elections. As per the direction, a bench of Justices Rajan Gogoi and Navin Sinha faddish the criminal cases filed … Continue reading “Details of cases against MP’s & MLA’s to be track down by SC”
Securities and Exchange Board of India (SEBI) has banned 10 individuals as they were sending out fake Short Message Service (SMS) in bulk recommending people to purchase the shares of the company to pump up trading volumes in the shares of Supreme Tex Mart Ltd (STML). According to SEBI, the SMS was sent to innocent … Continue reading “10 Individuals banned by SEBI for Fraudulent Trade”
Notwithstanding the campaign against black money, the government is outlining to make it mandatory to keep shares of unlisted companies (companies which are not in the stock market) in the demat form. As per a government official, it will be first implemented for government limited companies and will be optional for unlisted companies. . According … Continue reading “Shares of Unlisted Companies to take a Flight”
Supreme Court today began hearing petitions challenging the practices of triple talaq, polygamy and nikah halala.
The Ministry of Housing & Urban Poverty Alleviation has notified all Sections of the Real Estate (Regulation & Development) Act, 2016 and it is coming into force from today i.e. May 1, 2017 and with this a new era of development of real estate sector begins in an atmosphere of investor confidence.
E-stamping to be made mandatory for transactions above Rs 1 lakh. A gazette notification has been issued in this regard after amending the Stamp rules of 1960.
Supreme Court for raising emoluments given to judges of the Supreme Court and high courts, commensurate with the recent hike in pay for central government staff.
With government-Centre and state governments being a party to nearly 46 percent of the 3.14 crore cases pending in courts.
The Supreme Court said that once an establishment is covered under any one of the excepted category under Section 16 of the Employees’ Provident Funds and Miscellaneous Provisions Act.
The Bar Council of India has increased the age limit from 20 to 22 years for 5-year law course and from 30 to 45 years for 3–year graduate course.
The Bombay High Court today sentenced lawyer Satish Uke to two months of simple imprisonment for committing a criminal contempt of court by making frivolous allegations against judges and others. The Nagpur bench of the High Court also slapped a fine of Rs 2,000 on him. A division bench of Justice Prasanna Varale and Justice ZA Haq ordered Uke to surrender before the police … Continue reading “Contempt of Court– Again a lawyer get two months imprisonment”
Supreme Court has opined that if a practicing chartered accountant commits misconduct while he holds the certificate of practice issued by the ICAI.
The Chief Information Commission has directed the government and marriage registration authorities to give widespread publicity through various media that Aadhaar is not mandatory for the purpose of marriage registration scheme.
The Union Minister for Women and Child Development, Ms. Maneka Gandhi has reportedly decided to set up a POCSO Victims Compensation Fund to provide financial support to children who are victims of sexual crimes.
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