Trust Registration in India A private trust, created under and governed by the Indian Trusts Act of 1882, aims at managing assigned trust property for private or religious purpose. The law relating to private trusts is governed by the Indian Trusts Act (“Trust law”). A trust is basically a vehicle under which property is transferred […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Form 15CA & 15CB- New Rules The new rules for preparation, filing/ issuing forms 15CA and 15CB are effective from 01st April’2016.With these new rules coming into effect significant changes have come into effect for furnishing forms 15CA & 15CB.Some of the key changes for furnishing form 15CA & 15CB that have come into effect […]
Falling in Interest rate Interest and return on investments (For e.g. Fixed Deposit, Property and other investment tools) are continuously falling. But on the other hand, The return i.e. interest rate on Public Provident Fund, Kisan Vikas Patra, National Saving Scheme, Senior Citizen Saving Scheme is quite higher as compared to other market investment options.
Daughters right in ancestral property The first question after the Supreme Court recent ruling in Prakash & Ors v. Phulavati & Ors, rendered on 16 October 2015 comes to everyone’s mind is whether the Supreme Court is right in giving the ruling or not, but what matters now is not whether the Supreme Court is […]
Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards Income tax department has started sending notices to non-filers for the assessment year 2013-14 & onwards & are also using the said information to verify under-reporting of income