One Clik

Section 269SU of the Income-tax Act 1961: Clarifications in respect of prescribed electronic modes

Loading

F.No.370142/35/2019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes**** Dated: 20th May, 2020 Subject: Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act 1961 — reg. 1. In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy, a

Section 269SU of the Income-tax Act 1961: Clarifications in respect of prescribed electronic modes Read More »

NCLAT dismisses NCLT order to make MCA party to every IBC case

Loading

The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Principal Bench of NCLT that the Ministry of Corporate Affairs (MCA) will have to be made a party to every case under the Insolvency and Bankruptcy Code (IBC). The appellate tribunal said that the NCLT’s order dated November 22, 2019, is

NCLAT dismisses NCLT order to make MCA party to every IBC case Read More »

‘Share Clear Updates’ on changes Of Labor Laws: ILO To PM Modi

Loading

The International Labour Organisation (ILO) has informed trade unions of India that its Director-General has expressed concern and urged Prime Minister Narendra Modi to “send a clear message” to the Central and State governments to uphold international labour laws after the recent dilution of laws by some States. A group of 10 Central trade unions wrote to

‘Share Clear Updates’ on changes Of Labor Laws: ILO To PM Modi Read More »

Opportunity For HR To Re-Define Business: Amol Gupta

Loading

BW People in the interaction with Amol Gupta, The People Leader, India & Philippines, FIS pondering on the after-effects of the pandemic on the HR space and what drastic changes in the employee experience that happened during the crisis. How do you perceive COVID-19 lockdown: a massive setback or time to reboot? I personally perceive

Opportunity For HR To Re-Define Business: Amol Gupta Read More »

Tax Deduction Benefit: Medical Expenses Can’t Be Carried Forward

Loading

I am an ordinary resident for FY20. I have a wholly-dependant mother. My father is retired and does not have taxable income. My mother is recovering from cancer surgery and had suffered a stroke in January. I have arranged a nurse at home. Can I claim tax deduction for medical expenses and nursing when filing

Tax Deduction Benefit: Medical Expenses Can’t Be Carried Forward Read More »

Centre: Tweak Labor Law Changes And Fast-Track Their Implementation

Loading

New Delhi: The Centre could tweak labour law changes and fast-track their implementation to supersede ordinances issued by three BJP-ruled states to ensure uniform regulations that offer flexibility to new and existing businesses across the country. Top policymakers have begun discussions on a framework that will attract investors looking to shift manufacturing to India, a senior government official told.

Centre: Tweak Labor Law Changes And Fast-Track Their Implementation Read More »

Misreporting or Under Reporting Income: Penalty under Section 270A of Income Tax Act

Loading

In a case where the source of any receipt, deposit or investment appearing in the current assessment year is claimed to be an amount added to income or deducted while computing loss, as the case may be, in the assessment of such person in any earlier assessment year and no penalty was levied for such

Misreporting or Under Reporting Income: Penalty under Section 270A of Income Tax Act Read More »

Rajiv Kumar (Niti Aayog Vice Chairman): Reforms Do Not Mean Complete Abolition Of Labor Laws

Loading

NEW DELHI: Amid concerns over changes in labour laws in various states, Niti Aayog Vice Chairman Rajiv Kumar on Sunday said reforms do not mean complete abolition of labour laws and that the central government is committed to protecting the interests of workers. In recent weeks, various state governments, including Uttar Pradesh and Gujarat, have either made amendments or proposed changes to existing

Rajiv Kumar (Niti Aayog Vice Chairman): Reforms Do Not Mean Complete Abolition Of Labor Laws Read More »

error: Content is protected !!