Who are competent to contract Every person is competent to contract who is of the age ofmajority according to the law to which he is subject2, and who is of sound mind and is not disqualifiedfrom contracting by any law to which he is subject. Practice area’s of B K Goyal & Co LLP Income […]
Himachal E-district revolutionises citizen-centric services by offering a seamless online platform. It simplifies access to government services, empowering residents with efficient digital solutions. This initiative enhances transparency, accessibility, and convenience, reducing bureaucratic hurdles. E district HP facilitates various services, including certificates, applications, and verifications, minimising physical visits to government offices. Citizens can avail themselves of
A take rate is how much money a business makes from a transaction. Take rates help companies understand how well the business is doing. Typically, higher take rates indicate that a company is successful because it can generate more revenue. By keeping a close watch on their take rates, companies can make better business decisions
This license is required by any person or entity desiring to operate a gamma irradiation chamber facility specified under the Atomic Energy (Radiation Protection) Rules, 2004, issued by AERB. Atomic Energy Regulatory Board (AERB) is a national authority designated by the Government of India having the legal authority for issuing regulatory consent for various activities
The introduction of GST has brought a positive impact on the automobile sector. Previously, traders could not claim credit for excise duty and VAT paid, which would further increase the cost of purchases. However, GST has eliminated the cascading effect of taxes, reducing the price of cars. Effects on the price of a car due
Working capital represents a company’s ability to pay its current liabilities with its current assets. This figure gives investors an indication of the company’s short-term financial health, capacity to clear its debts within a year, and operational efficiency. Working capital is the difference between a company’s current assets and current liabilities. The challenge here is determining the proper category for the vast array
What agreements are contracts —All agreements are contracts if they are made by the freeconsent of parties competent to contract, for a lawful consideration and with a lawful object, and are nothereby expressly declared to be void.Nothing herein contained shall affect any law in force in 1[India] and not hereby expressly repealed by which any
Promises, express and implied In so far as the proposal or acceptance of any promise is madein words, the promise is said to be express. In so far as such proposal or acceptance is made otherwisethan in words, the promise is said to be implied. Practice area’s of B K Goyal & Co LLP Income
Acceptance by performing conditions, or receiving consideration Performance of theconditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may beoffered with a proposal, is an acceptance of the proposal. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax
Acceptance must be absolute —In order to convert a proposal into a promise, the acceptancemust—(1) be absolute and unqualified;(2) be expressed in some usual and reasonable manner, unless the proposal prescribes the mannerin which it is to be accepted. If the proposal prescribes a manner in which it is to be accepted, and theacceptance is
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