Charge on pledge of assets Section 172 of the Indian Contracts Act, 1872 defines a pledge as: “The bailment of goods as security for payment of a debt or performance of a promise is called “pledge“.” *(Section 172, Indian Contract Act, 1872). The bailor is referred to as the “pawnor/ pledgor” and the bailee as […]
Why you need TDS certificates when Form 26AS provides all information One can gather all information related to TDS in Form 26AS which is sufficient to file one’s return. This might make you doubt the importance of TDS certificates but the rationale behind introducing Form 26AS is to enable the taxpayer to cross check the […]
Service Tax on Real Estate or Construction Services Levy of Service Tax on Resideantial or Commercial Construction has been matter of dispute which was settled by virtue of Notification No. 29/2010 dated 22nd June 2010 content of which is reproduced below:
Income tax department to block PAN, LPG subsidy of tax defaulters In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to “block” Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and take measures to ensure that they are not sanctioned loans.
Corporate Governance Meaning of Corporate Governance: The Institute of Company Secretaries of India Corporate governance is the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility for sustainable development of all stakeholders.