Definitions (1) In this Act, unless the context otherwise requires,— (a) “notification” means the notification published in the Official Gazette; (b) “specified Act” means— (i) the Wealth-tax Act, 1957 (27 of 1957); (ii) the Income-tax Act, 1961 (43 of 1961); (iii) the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988); […]
Short title and commencement (1) This Act may be called the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. (2) Save as otherwise provided, it shall be deemed to have come into force on the 31st day of March, 2020.
Electoral Trusts Scheme, 2013 was notified by the Central Board of Direct Taxes (CBDT). An Electoral Trust is a Trust set up by companies with the sole objective to distribute the contributions received by it from other Companies and individuals to the political parties. Only the companies registered under Section 25 of the Companies Act, 1956 are eligible to make an
External Affairs Minister S. Jaishankar launched the e-Migrate V2.0 web portal and mobile app to enhance immigration services and expand their accessibility. Highlighting it as more than just a digital platform, Jaishankar described it as a beacon of hope and a commitment to protecting the rights and dignity of Indian workers abroad. The portal reflects
Recently, an online application window for PLIWG attracted huge response with 43% of new applicants from MSME sector. The 3rd Round of on-line application window for PLI Scheme for White Goods (Air Conditioners and LED lights) has attracted 38 responses with a net committed investment of Rs 4121 crore ended on 12th October 2024 after being
The Intensified Mission Indradhanush (IMI) was launched in 2018 by the Central Government with the objective of covering all children under the age of two and pregnant women for immunization who were not covered under the UIP. This program was to intensify the Mission Indradhanush that had been launched in 2014. The objective of Mission Indradhanush
The history of administrative reforms in India dates back to January 5, 1966, and was consolidated by the Government of India to ensure a transparent and efficient system. These reforms have played a pivotal role in eliminating corruption and prejudice. The government forms a body of representatives who study the various aspects impacting the country’s
A power of attorney (POA) is a legal authorization that gives the agent or attorney-in-fact the authority to act on behalf of an individual referred to as the principal. The agent may be given broad or limited authority to make decisions about the principal’s property, finances, investments, or medical care. POAs can be financial or they can
As mandated by Indian law, each state has its own authorized body that collects property taxes. Property Tax AP is no exception. The Property Tax of Andhra Pradesh will vary based on the type of property as well as the jurisdiction. The taxes collected from one area are used to improve the public infrastructure of
PMGKY full form – the Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) was initiated by the Narendra Modi-led Government of India in December 2016. It was launched as a follow-up to the Income Declaration Scheme. It had been launched earlier that year. The program, which is part of the Taxation Laws (Second Amendment) Act of
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