POSTS BY : legallands
GAINS ON EQUITY INVESTMENT NOW TAXABLE
Before 1st April 2018 Long term Capital Gains on Equity investment were exempt from tax under section 10(38). However this would be the first year (F.Y 2018-19) where the Long [...]
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SOCIAL MEDIA UNDER SCRUTINY OF TAXMAN
Who would have ever thought that posting pictures of foreign travels, 5-star hotels, luxury cars or lavish events on social media may land you a notice from the Tax Authorities? [...]
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Homebuyers to seek refund on delayed Allotment of 1 year by the Builder. Possible?
Over the past couple of years a plethora of cases have emerged against builders who have failed to deliver Apartments and Shop cum Office Units to Buyers. Hence, Buyers look [...]
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Revised Guidelines on FDI – Sector Specific condition for Foreign Investors
CONTENTS   S. No. Sector/Activity Page No. A Prohibited Sectors 3 B Permitted Sectors 4 1 Agriculture 4 1.1 Agriculture & Animal Husbandry 4 1.2 Plantation Sector 4 2 Mining [...]
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TRADEMARK-CAN IT BE REGISTERED BY TWO PERSONS IN SAME CLASS?
INTRODUCTION A Trademark is an important asset to every person’s success and growth which is used to identify the person’s products or services and provides a distinctive identification. A Trademark [...]
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CHANGE IN FOREIGN DIRECT INVESTMENT IN INDIA WITH EMERGING E-COMMERCE
An E-commerce entity is an intermediary defined under Section 2(1)(w) of the Information Technology Act, 2000. This definition clearly stipulates that the ‘E-commerce entities have to provide an information technology [...]
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IS YOUR COMPANY REALLY ACTIVE?
The Ministry of Corporate Affairs, on 21st day of February 2019 has notified Companies (Incorporation) Amendment Rules 2019, to insert Rule 25A (Active Companies Tagging Identities and Verification) in the existing [...]
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Highlights of Interim Budget 2019-20
Finance Minister Mr. Piyush Goyal has delivered the Interim Union Budget 2019-20 on 1st February, 2019 thereby announcing the reforms and new schemes in varied segments of the Indian Economy. [...]
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ECONOMIC RESERVATION BILL, JANUARY 2019
In September 2018, the Supreme Court for the first time extended the ‘creamy layer’ to the affluent among the Scheduled Castes (SC) and Scheduled Tribes (ST). Although the judgement dealt [...]
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Summary of Updates from 32nd GST Council Meeting held on 10/01/2019
GST Registration  Basic exemption limit for suppliers of goods will be increased from Rs 20 lakhs to Rs 40 lakhs. However, this limit remains Rs 20 lakhs for suppliers [...]
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