Determination of amount of compensation The Collector having determined the market value of the land to be acquired shall calculate the total amount of compensation to be paid to the land owner (whose land has been acquired) by including all assets attached to the land. Practice area’s of B K Goyal & Co LLP Income […]
Input Tax Credit’ or ‘ITC’ means the Goods and Services Tax (GST) paid by a taxable person on any purchase of goods and/or services that are used or will be used for business. Input ITC can be reduced from the GST payable on the sales by the taxable person only after fulfilling some conditions. These conditions given
Input Tax Credit under GST Read More »
Determination of market value of land by Collector (1) The Collector shall adopt the following criteria in assessing and determining the market value of the land, namely:— (a) the market value, if any, specified in the Indian Stamp Act, 1899 (2 of 1899) for the registration of sale deeds or agreements to sell, as
A stock, also known as equity, is a security that represents the ownership of a fraction of the issuing corporation. Units of stock are called shares, which entitle the owner to a proportion of the corporation’s assets and profits equal to how much stock they own. Stocks are bought and sold predominantly on stock exchanges and are the foundation of
Period within which an award shall be made The Collector shall make an award within a period of twelve months from the date of publication of the declaration under section 19 and if no award is made within that period, the entire proceedings for the acquisition of the land shall lapse: Provided that the appropriate Government
The Cabinet has approved the formation of the 8th Pay Commission to revise salaries of Central government employees and pensioners. The commission is expected to be implemented by January 1, 2026, benefiting nearly 50 lakh employees and 65 lakh pensioners. What is a Pay Commission? Every 10 years, the government constitutes the Pay Commission to
8th Pay Commission approved by Cabinet Read More »
Land acquisition process under Act No. 1 of 1894 shall be deemed to have lapsed in certain cases (1) Notwithstanding anything contained in this Act, in any case of land acquisition proceedings initiated under the Land Acquisition Act, 1894 (1 of 1894),— (a) where no award under section 11 of the said Land Acquisition
The government of Uttar Pradesh has launched Viklang Pension Yojana in the year 2016. Under this scheme, the Government provides financial assistance in the form of pension to the disabled persons in the state. Name of the scheme Disability Pension Scheme Beneficiary disabled person Age Limit 18 years to 65 years Benefit ₹1000 per month
Viklang Pension Yojana Read More »
Vidhwa Vivah Uphar Yojana is a government Under the Social Justice and Empowerment Department, scheme that assists in the process of marriage of widows. This scheme is for those widows who have decided to start a new life after the time spent with their former husbands. The government provides a certain amount to widows, which
Vidhva Vivah Uphar Yojana Read More »
Enquiry and land acquisition award by Collector On the day so fixed, or on any other day to which the enquiry has been adjourned, the Collector shall proceed to enquire into the objections (if any) which any person interested has stated pursuant to a notice given under section 21, to the measurements made under section