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The Maharashtra Value Added Tax Act, 2002 (MVAT Act, 2002) is in force from 01.04.2005. One of the features of this Act is that specified dealers are required to submit Audit Report as obtained from Auditor i.e. either Chartered Accountant ..
With the Supreme Court of Bangladesh upholding the death sentence on the assassins of founder President Sheikh Mujibur Rahman, justice has finally been delivered after a long legal battle that dragged on for 13 years. Thirty-four years after Mujib wa ..
Estimates may vary, but clearly, the size of the black economy is monstrously large. Several factors are responsible for this. The type of faulty tax structures that we designed for ourselves, the ineffective and inefficient manner in which we implem ..
The Supreme Court was right when it struck down the amendment to a prison ordinance that would have allowed private companies to manage prisons. The court ruled that the state would retain its monopoly to use force against citizens and that only a go ..
For six decades since independence, India has waited to provide universal elementary education of acceptable quality for its young. Now that the Right to Education Act is in place, it is but natural that expectations will soar high once again. Here i ..
The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided User ID and password for authenticated access.Benefit of registrationThe access will result in the following be ..
The idea behind the MP Local Area Development (MPLAD) Scheme is that since our MPs are people's representatives and are supposedly interacting with the masses on a regular basis, they are best placed to know what the people want. Thus, if an MP has f ..
The undersigned is directed to state that ‘Packaged Software’ is a type of IT software which caters to the needs of a variety of users and is capable of being used for variety of hardwares. IT software is fully exempt from basic customs d ..
Sixteen years after the idea was first mooted, the Right of Children to Free and Compulsory Education Act, 2009 has finally been notified, after receiving the assent of the President of India.Article 21-A, as inserted by the Constitution (Eighty-Sixt ..
you can receive any amount from your relatives without paying any income tax as there is no gift-tax at present. There are certain provisions and important points which we will discuss in this post. Gift can be received by the following ways. From Re ..
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