What is Corporate Social Responsibility
CSR stands for CORPORATE SOCIAL RESPONSIBILITY, Under Section 135 of the Companies Act 2013, the Ministry of Corporate Affairs (MCA) has released a Circular with regard to CSR. Under the Circular MCA suggests some measures for better monitoring of the implementation of CSR policies. WHAT IS CORPORATE SOCIAL RESPONSIBILITY (CSR)?Corporate Social Responsibility is a Business Model […]
Apex Court of India Resolved the Historical issue by Deciding the Power of Reassessment
The Hon’ble Supreme Court of India has recently held that reassessment of customs duty is administrative review power. Such power must be exercised by the same officer (i.e. the Proper Officer) or his successor who carried out the original assessment of goods and said reassessment cannot be done by another officer of another department even […]
ASIA PACIFIC EMPLOYMENT LAWS
WHAT IS THE ASIA PACIFIC REGION? The Asia-Pacific is the part near the Western Pacific Ocean and generally includes East Asia, South Asia, Southeast Asia, and Oceania.The Asia-Pacific region has kept on bringing high economic development rates surpassing those in different regions and has therefore come to be known as the “growth center” of the worldwide economy. Thus, in […]
Social and Legal Aspects of NRI Marriages in India
In today’s time, people are fascinated by the idea of settling outside India. Everyone dreams of having a job or business in other developed countries at least once in a lifetime. Those who get successful in the process of settling outside are called Non-Resident Indians. After settling outside, many Indians especially males tries to find […]
HALLMARK REGISTRATION IN INDIA
WHAT IS A HALLMARK? A hallmark is a mark or a stamp that is put on objects of trade mostly, Gold and silver items to depict the purity, genuineness, and origin of the product. It was not compulsory earlier, however, from 16.06.2021 it has been made mandatory on gold and silver made articles. It is […]
ONLINE GAMING IN INDIA
WHAT IS THE MEANING OF ONLINE GAMING? Online games are games that are played partially or wholly through the internet. It can be played individually or it can also be played along with other players available at that period of time. With technological growth, the online gaming system has become a very important part of […]
Section 138 of Negotiable Instrument Act, 1881: Cheque Bouncing
WHAT ARE NEGOTIABLE INSTRUMENTS? A Negotiable Instrument is a signed document that promises a certain amount of money will be paid to a specified person. The promise is from the promisor who promises to pay to the promisee who will receive the amount. WHAT ARE THE TYPES OF NEGOTIABLE INSTRUMENTS? The types of Negotiable Instruments […]
Are not the Trusts Perpetual anymore?
According to Section 12A of the Income-tax Act 1961, the trusts were registered for perpetuity, but after the enforcement of new rules accompanied in the Finance Act 2020, effective from 01.04.2021, the newly incorporated trusts shall be registered under the new procedure mentioned in section 12AB and the existing trusts which were already registered under […]
Tax Retrospectively – No More
WHAT IS RETROSPECTIVE TAX? Retrospective Tax is a type of tax which is imposed on transactions which has taken place in the past. The Retrospective Tax was introduced in the year 2012 by the late former Prime Minister and the then Finance Minister Pranab Mukherjee. The Retrospective Tax brought in effect of imposing and obtaining […]
NULLITY OF RETROSPECTIVE TAX
WHAT IS RETROSPECTIVE TAX? Retrospective Tax is a type of tax which is imposed on transactions which has taken place in the past. The Retrospective Tax was introduced in the year 2012 by the late former Prime Minister and the then Finance Minister Pranab Mukherjee. The Retrospective Tax brought in effect of imposing and obtaining […]
