The NCLT, Mumbai Bench comprising of Justice H.V. Subba Rao, Judicial Member and Chandra Bhan Singh, Technical Member in the case of Sandesh Naik v. MT Educare Limited held that salary for purported notice period amounts to specific performance of the appointment letter and does not fall within the definition of ‘Operational Debt’ as the same was not salary for the …
Services of NACH will now be available seven days a week. Currently, facilities are available only when banks are open, from Monday to Friday. You no longer have to wait for a working day for important transactions like salary, pension and EMI payments. RBI has changed the rules of the National Automated Clearing House (NACH). …
The Delhi High Court’s latest ruling includes and impacts those currently serving, doctors and paramedics and health workers, covering the gamut of the country’s frontline workers working against the virus. Vipin Sanghi and Rekha Palli, the ruling judges, admonished the city’s municipal bodies over their proffered explanation of “paucity of funds” when asked to justify the …
Section 80JJAA is a facility for claiming a deduction for the recruitment of new or additional employees. The section has been made available in the Income Tax Act to encourage employers to recruit fresh employees on a periodic basis. This deduction of the Income Tax Act can be claimed by all assessees for creating employment generation opportunities. …
New Section 80JJAA Deduction for Salaries paid to New Employees Read More »
