Section 80GGB And Section 80GGC
Section 80GGB and Section 80GGC of the Income Tax Act 1961 are provisions that offer tax deductions to individuals and corporate entities who donate to political parties. These provisions were introduced to incentivize individuals and businesses to make donations to political parties in India and support their activities. Section 80GGC of the Income Tax Act […]
ISBN Application
According to popular definition, an ISBN is “a short, distinct, machine-readable identification number that clearly and unambiguously identifies any book.” When looking for a certain edition of a book, ISBNs are essential. The thirteen-digit International Standard Book Number (ISBN), which is designated for monograph publishing, is unique. This ISBN, or International Publisher’s Identification, made processing […]
Section 10 – Right To Fair Compensation And Transparency In Land Acquisition, Rehabilitation And Resettlement Act, 2013
Special provision to safeguard food security (1) Save as otherwise provided in sub-section (2), no irrigated multi-cropped land shall be acquired under this Act. (2) Such land may be acquired subject to the condition that it is being done under exceptional circumstances, as a demonstrable last resort, where the acquisition of the land referred to […]
Section 80ee deduction
A first-time buyer of a home has to go through a daunting process that begins with searching for the right dream home that fits the budget and aspirations to the even more grueling steps of availing a home loan. Bought residential house property loan?? Avail income tax benefits on the interest portion of the residential […]
Section 9 – Right To Fair Compensation And Transparency In Land Acquisition, Rehabilitation And Resettlement Act, 2013
Exemption from Social Impact Assessment Where land is proposed to be acquired invoking the urgency provisions under section 40, the appropriate Government may exempt undertaking of the Social Impact Assessment study. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration […]
Consequences of Cheque Bounce Notice
A bounced cheque, or dishonoured cheque, occurs when a bank rejects payment due to issues like insufficient funds, mismatched signatures, incorrect account information, expired cheques, or stop payment requests. This can happen if the cheque writer, also known as the drawer, lacks enough funds or encounters any of these problems. Bounced cheques can cause trouble for […]
Section 8 – Right To Fair Compensation And Transparency In Land Acquisition, Rehabilitation And Resettlement Act, 2013
Examination of proposals for land acquisition and Social Impact Assessment report by appropriate Government (1) The appropriate Government shall ensure that— (a) there is a legitimate and bona fide public purpose for the proposed acquisition which necessitates the acquisition of the land identified; (b) the potential benefits and the public purpose referred to in clause […]
Tamil Nadu Electricity Tax
Electricity duty is defined as per the policy of the central government with taxes going to the state government. This differs from state to state. The tax is also different for different sectors and industries. Tamil Nadu Tax on Consumption/Sale of Electricity Act, 2003 This Act has come into force on16.6.2003 following the existing Tamil Nadu Electricity Act 1962 […]
Section 7 – Right To Fair Compensation And Transparency In Land Acquisition, Rehabilitation And Resettlement Act, 2013
Appraisal of Social Impact Assessment Report by an Expert Group (1) The appropriate Government shall ensure that the Social Impact Assessment report is evaluated by an independent multi-disciplinary Expert Group, as may be constituted by it. (2) The Expert Group constituted under sub-section (1) shall include the following, namely:— (a) two non-official social scientists; […]
Tds Payment Due Date and Penalty
TDS denotes tax deducted at source, while TCS denotes tax collected at source. If an individual makes a payment to the recipient, TDS must be deducted at a specified rate and deposited with the government, according to the Income Tax Act. In the case of the TCS, the individual accepting the payment is responsible for […]