The Ahmedabad Municipal Corporation (Amdavad Municipal Corporation) was established under the Bombay Provincial Corporation Act. The organization is known for implementing property tax reform and has now developed an online facility for payments. The corporation is famous for initiating different innovative initiatives such as issuing municipal bonds as well as implementing property tax reform by […]
Property mutation, also known as ‘Pokkuvaravu’ in Kerala, refers to the process of transferring the title of a property from one person to another. In India, property mutation is essential for updating the land revenue records with the name of the new owner. It is a legal procedure that validates the change in ownership and
Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) is the flagship program of the Ministry of Rural Development (MoRD) for promoting poverty reduction through building strong institutions for the poor, particularly women, and enabling these institutions to access a range of financial services and livelihoods. DAY-NRLM adopts a demand-driven approach, enabling the States to
FOSCOS, the Food Safety Compliance System, was launched by the Food Safety and Standards Authority of India (FSSAI). This cloud-based platform replaces the existing Food Licensing and Registration System (FLRS), offering a seamless, one-point solution for food businesses nationwide to enhance their regulatory compliance in the ever-evolving landscape of the food industry. FOSCOS was launched through
The first graduate certificate helps students from economically weak sections of society gain access to higher education at concessional fees. The Tamil Nadu Government implements this scheme to motivate and encourage students hailing from families with no degree holders to pursue higher education and uplift their lives. What is a First Graduate Certificate? A first
The Income Tax Act, 1961, Chapter VIA discusses the deductions that must be made in order to calculate total income. It is divided into three parts- A- General B- Deductions in respect of certain Payments C- Deductions in respect of certain Incomes Section 80JJAA comes under Deductions in respect of certain Incomes.According to this
Financial security is vital to spend your post-retirement life in peace and fully enjoy it. This is where retirement planning comes in. There are many ways to plan for retirement but one popular way to go about it is a superannuation scheme. Superannuation funds allow you to save effortlessly for retirement during your working years.
Karnataka Government issues ration cards to the households in the state as an official document to obtain food grains at subsidised rates. The issuance of ration cards comes under the National Food Security Act. Ration cards in Karnataka are issued by the Department of Food and Civil Supplies. Apart from providing food grains at subsidised
According to Section 195 of the Income Tax Act of 1961, an individual living in a house owned by a Non-Resident Indian (NRI) must mandatorily deduct a TDS of 31.2% while paying rent. Upon TDS payment, the tenant needs to submit Form 15CA to the Income Tax Department Are you a Non-Resident Indian (NRI) who
A promissory note is a debt instrument that contains a written commitment by one party (the note’s issuer or maker) to pay another party (the note’s payee) a specific amount of money, either immediately or at a later date. A promissory note usually includes all the details of the debt, including the principal amount, interest
CA Bhuvnesh Kumar Goyal
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