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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. 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 .

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. The only reason why they grow to such an extent is because of the space given to such disputes that help them thrive. Smart managers, thus know why it is imperative to nip these disputes in the bud and they certainly know how that is supposed to be done. What are the most common and avoidable business disputes?

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)

Dishonor of Cheque: Section 138 of the Negotiable Instruments Act, 1881 The term ‘Negotiable’ means ‘transfer by endorsement or delivery’ and the term ‘Instrument’ means ‘any legal document in writing, which is created in favour of any person. Therefore, Negotiable Instruments are written statements implying payment of money, either on demand or within a particular time period with the drawer’s/payer’s name on it. In case of any related legal matter, please Post Your Requirement anonymously and get free proposals OR Search for a Lawyer and book a free appointment directly. 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. It has the knack to change the dynamics of the Indian economy to a large extent. To make it happen, however is hugely dependent on proper monitoring coupled with timely measures to support the startup fraternity by providing appropriate incentives. Last few years, Indian government has been beating its trumpet of having created and facilitated the Startup eco-system.

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.

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. 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.