The historical attacks on India’s cultural and religious heritage and highlighted that many such sites have been destroyed by the invaders. However, he complimented Prime Minister Narendra Modi for his efforts in protecting and developing these cultural centres. By taking inspiration from PM Modi’s initiatives, the Rajasthan government is concentrating on developing faith centres and planning pilgrimage […]
The land of cultures, cuisines, & captivating sceneries- West Bengal is a State like no other. Needless to say, inheriting a property in a prime State like this will include a lot of paperwork involving the legal transfer of property ownership. While buying a property or inheriting one as a gift can be a thrilling
Every LLP is formed to carry on a specific business activity with a motive to earn profit. At the time of incorporation of an LLP, partners have to provide the main object of an LLP. Such object must be mentioned in brief in the LLP agreement. An LLP cannot carry on any business activities which are not mentioned
Section 54 of the Income Tax Act provides exemption on long term capital gains from the sale of residential property if the proceeds from such sale are reinvested in purchasing or constructing another residential property within a specified time frame. Section 54F exemption is allowed only on long-term capital gains. Budget 2024 Updates Key changes
nvestments in Mutual Funds can be broadly classified into two types- lumpsum and SIP. A lumpsum investment is when the depositor invests a significant sum of money on a particular mutual fund scheme. SIP or Systematic Investment Plan, on the other hand, entails the investment of smaller amounts on a monthly basis. Both these type of mutual fund
Scoops Ice Cream is a popular ice cream chain that offers a variety of ice cream flavors, sundaes, shakes, and other frozen desserts. The brand is known for its unique flavors, high-quality ingredients, and a wide range of options that cater to different tastes and dietary preferences.Ice-cream is known to be a seasonal product with
Section 80EE is a tax benefit provided under the Income Tax Act, which allows deductions of up to Rs. 50,000 annually on the interest paid to buy your first home. The Section was introduced earlier for FY 2013-14 and FY 2014-2015 with overall deductions of up to Rs. 1 lakh. In FY 2016-17, Section 80EE
Reverse charge mechanism (RCM) under GST refers to the situation where the liability to pay tax for the supply of goods or services shifts from the supplier to the recipient, particularly in specific cases involving purchases from unregistered dealers. This mechanism aims to broaden tax collection, especially in unorganised sectors, and covers certain services imports.
The Kisan Kaleva Scheme, initiated by the Rajasthan Government’s Agriculture Department, provides food at concessional rates through coupons to farmers and their assistants selling crops in vegetable market premises. Registered farmers and their assistants can avail a plate of food for ₹5/- under this provision. This initiative aims to alleviate the financial burden on farmers
Amendment of section 112 In section 112 of the Income-tax Act, in sub-section (1), for the clauses (a), (b), (c), (d) and the first proviso, the following shall be substituted and shall be deemed to have been substituted with effect from the 23rd day of July, 2024, namely:— “(a) in the case of an