How to Register a Copyright in India Copyright is a legal or statutory right conferred by the law to creators of literary, dramatic, musical and artistic works and producers of cinematography films and sound recordings. Unlike trademark and patent, copyright protects the expression and not the idea. Further, copyright registration cannot be obtained for titles […]
Trust Registration and Tax Rate – Income Tax Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under the Income-Tax Act, inter-alia, exemption under section 11. The term religious purpose is not defined under the Income-Tax Act. However, Section 2(15) of the Act defines “charitable […]
Disallowance of bad debts in case of running account with the party is justified Citation of the Case:- Amar Enterprise vs. ITO (ITAT Ahmedabad), Income tax (Appeal) no. 2520 of 2011, Date of Judgment: 05/06/2015 Brief of the Case ITAT Ahmedabad held In the case of Amar Enterprise vs. ITO that in the present case, […]
GST Draft Law – 10 Things you must know Few of the private tax web portals published the copy of the draft GST law. Though the authenticity of the same is yet to be vetted by the Government officials, meanwhile, in the following paras the author has tried to decipher the proposed GST law.
Govt not to intervene to monetize gold held by charitable/religious institutions Press Information Bureau Government of India Ministry of Finance 04-December-2015 17:14 IST Clarification on Media Reports on Gold Monetization Scheme Some sections of the media have reported that Government will directly intervene to monetize the gold held by charitable, religious and other institutions. It […]