Here's What Will Happen If you Miss Today's Income Tax Return Filing Deadline
The finance ministry has said it won't extend the July 31 deadline for filing income tax returns this year. The panic is evident, considering the fact that the tax department's filing system has been running erratically since Saturday. The big question right now is what happens if you still miss filing your tax returns before July 31 midnight. Here's what you should know.
Understanding the Concept of Cheque Bounce in India
Cheque bounces are considered as a Criminal offence in India .In this age of Internet where Internet Banking and Mobile Banking are used for Transferring Funds , there is a large section of population that prefers cheques .Dr . Gubbi Subba Rao explains the Dishonour of Cheque and Presumption in favor of the holder mentioned under sections 138 and 139 of the Negotiable Instruments Act , 1881. He also gives an exceptional view of Section 420 of the Indian Penal Code under which the punishment for Cheating has been provided according to which the person shall be punished with imprisonment of either description for a term which may extend to 7 years, and shall also be liable to fine . This video gives us the in depth knowledge of the consequences and the remedies for the same.
Facing Delayed Possession of Property?
The Supreme Court of India is proving to be a great help for all the stressed buyers who invested their hard earned money into buying a property but were facing delays in possession of their property. We have been helping home buyers approach the NCDRC (National Consumer Disputes Redressal Commission) in the right way and get their money back. Lawyered acting as an Amicus Curiae or ‘Friend of the court’ is connected with legal advisory currently representing at least 9200+ clients against 63+ builders at NCDRC in various cases. If you are one of the unlucky buyers, just drop in your details and we will provide you a legal consultation absolutely free of charge. Here what you can file for:
Dispute Resolution through Reference to Micro and Small Enterprises (MSME) Facilitation Council
Dispute Resolution through Reference to Micro and Small Enterprises (MSME) Facilitation Council Author: Advocate Nishant Nigam and Associate Ankit Ahuja Any Micro or small enterprise having valid EM Part -II /UAM can apply to a ‘Micro and Small Enterprises Facilitation Council’ of a the state having jurisdiction to entertain the matter regarding dispute resolution where where any buyer fails to make payment of the amount to the supplier the buyer and such amount to due to be paid shall be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day from the date immediately following the date agreed upon, at three times of the bank rate.The State Government shall establish one or more Micro and Small Enterprises Facilitation Councils where such dispute resolution takes place State / UT Notified MSEFC Rules (As of 19.03.2019) The process to apply at a Facilitation Councils (Online)
Tips to Proofread Legal Documents
Tips to proofread legal documents Proofreading legal documents There is no foolproof formula for perfect proofreading legal documents every time. Not only will proofreading eliminate embarrassing and careless spelling or grammar related errors, but it will also provide edits for clarity and comprehension. You have to make sure that proofreading should be error-free and ready to be delivered to the clients. Mistakes and faults will not obstruct your reputation as a proofreader but can also have severe consequences for those who sought your service in the first place.
Alternate Market Commission - A Boost for Startup Ecosystem
Bhumesh Verma, Managing partner and Soumya Shekhar, Associate Introduction Startup eco-system carries vast potential for economic activity and revenue generation in India.
Cheque Bounce Case: All You Need To Know
The Indian government launched a program named ‘Digital India’ in 2015. After the implementation of this program, a sector that underwent major change was the banking sector. Every bank in the country was made available on our finger tips. Even though this program is implemented on a large scale, many people prefer going traditional ways like going to the bank and depositing cheque than opting online banking.
6 Mandatory Tax And Regulatory Compliances For Business
6 Mandatory Tax And Regulatory Compliances For Business Author: Associate Runa Jasia What is Mandatory Tax? As the name itself suggests, it is mandatory to pay these taxes. For example as per the Income Tax Act:
5 Common Business Disputes That Can Be Easily Avoided
What makes a smart manager stand apart from a manager is his vision and realistic bend of mind. All managers know that common business disputes , which go on to become expensive legal suits , keep the potential of damaging reputation of the business , almost breaking fiduciary relationships and taking away from the business a lot of vital resources. But smart managers know that these disputes, if are increasing alarmingly then they are also increasingly avoidable.
All You Need to Know About ANGEL TAX
The longstanding request of the angel investors to exempt them from the ambit of “Angel Tax’ provision has finally turned into a reality. This was a bane particularly for the startup ecosystem growth. The Central Board of Direct Taxes (CBDT) has issued a notification dated May 24, 2018 exempting angel investors from the ‘Angel Tax’ ambit subject to the terms and conditions as specified by the Department of Industrial Policy and Procedure (DIPP).which is a boon to startup fraternity and will significantly boost the development prospects of the startup fraternity. The notification is retrospectively effective from April 11, 2018.
P2P Lending - RBI's Stance on Peer-to-Peer Lending Platform
The release of the Master Directions on Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (“ Master Directions ”) was a decision anticipated since April 2016 when the Reserve Bank of India (“ RBI ”) issued a Consultation Paper on Peer to Peer (“ P2P ”) lending (“ Consultation Paper ”). The Consultation Paper contained various arguments against and in favour of regulating the P2P lending sector. Thereafter, on August 24, 2017, as a precursor to the ultimate regulations, the RBI issued a gazette notification classifying entities providing the ‘business of a peer to peer lending platform’ as a Non-Banking Financial Company (“ NBFC ”).
The Benefits Of Arbitration As A Method Of Dispute Resolution.
The Benefits Of Arbitration As A Method Of Dispute Resolution. The Benefits Of Arbitration As A Method Of Dispute Resolution. Author: Advocate Nishant Nigam and Associate Shreya Negandhi Disputes are inexorable but combat is optional. With the rapid globalization of the economy and the resulting increase in competition there has been a significant increase in commercial disputes. The outpaced rate of development has led to increase in industrial growth, modernization, improved socio-economic circumstances, technological development which in turn has led to an increase in case overloads for the already over burdened courts.
Medical Negligence: Guide to Taking Legal Action against your Doctor
Negligence is a tort, which is an uncodified law in India. It means that a person owed a duty of care to another person, the first person breached that duty as a result of which the second person got injured. For instance, A driver while driving owes a duty of care to all the people on the road, if he drives negligently and injures another person on the road. He had a duty of care and due to the breach of the duty the person was injured and hence he would be held liable to pay damages. A type of negligence that has gained widespread importance is medical negligence. As the name suggests it is related to the field of medicine and to medical professionals.
