Monthly Archives: August 2016

Penalty Provisions under the Income-Tax Act, 1961

Penalty Provisions under the Income-Tax Act, 1961
Penalties for default in payment of Self Assessment Tax/ Payment of Tax/failure to comply with notice issued under section 142(1) or 143(2) or direction for audit under section 142(2A)/ under reporting and misreporting of income/ Failure in maintain information and document of international transaction or specified domestic transaction/

Doctrine of considerable compliance

Doctrine of considerable compliance
Indirect tax laws has prescribed overplus of processes to be followed at completely different purpose of your time to avail of various advantages. However, over and over assessee didn’t abide by procedures in total and there’s dispute between department and assessee relating to availment of advantages to assessee.

Compensation under automobiles Act, 1988 – Some problems

Compensation under automobiles Act, 1988 – Some problems
The automobiles Act, 1988 is Associate in Nursing Act of the Parliament of Asian country that regulates all aspects of road transport vehicles. The Act came into force from one July 1989. It replaced automobiles Act, 1939 that earlier replaced the primary such enactment automobiles Act, 1914.

Government might advance Parliament session to urge GST laws approved

Government might advance Parliament session to urge GST laws approved
Eager to meet the Gregorian calendar month one target to roll out the landmark product and Services Tax+ (GST), the govt. might advance Winter Session of Parliament by a period of time to urge supporting legislations passed, departure spare time for implementation of the new