Jurisdiction of Assessing Officers and power to transfer cases (1) The provisions of sections 124 and 127 of the Income-tax Act shall, so far as may be, apply for the purposes of this Act as they apply for the purposes of the Income-tax Act, subject to the modifications specified in sub-section (2). (2) The modifications […]
Directors of Inspection Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
Instructions to subordinate authorities (1) The Board may, from time to time, issue such orders, instructions and directions to other wealth-tax authorities as it may deem fit for the proper administration of this Act, and such authorities and all other persons employed in the execution of this Act shall observe and follow such orders, instructions
Commissioners of Wealth-tax (Appeals) Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
The Tax Saving Fixed Deposit of SBI allows individuals to earn a competitive rate of interest on lump-sum contributions while simultaneously providing tax benefits under Section 80C of the Income Tax Act. This type of fixed deposit comes with a lock-in period of five years with a maximum investment amount upto Rs.1.5 lakhs. The post
Once you file an income tax return, the income tax department processes it and sends an intimation. The intimation contains details of the return you submitted and the department’s numbers. If there is a mismatch, i.e. a demand or higher refund than what you had claimed in the return, you can do the following: File a rectification
Control of wealth-tax authorities Section 118 of the Income-tax Act and any notification issued thereunder shall apply in relation to the control of wealth-tax authorities as they apply in relation to the control of the corresponding income-tax authorities, except to the extent to which the Board may, by notification in the Official Gazette, otherwise direct
The term discharge of contract means ending of the contractual relationship between the parties. A contract is said to have been discharged when it ceases to operate i.e. when the rights and obligations created by the parties came to an end. A contract can be discharged if the parties mutually agree to terminate the contract.
The “Delhi Arogya Nidhi (DAN)” is a scheme implemented by the Directorate General of Health Services to provide financial assistance of up to ₹1.5 lacs to needy patients who have National Food Security Cards for treatment of diseases in Government hospitals only. Delhi Arogya Nidhi (DAN) is a health assistance scheme launched by the Delhi
Product Stickiness is a user engagement metric used to measure the product of a company’s effectiveness at improving customer retention and churn, which ties into recurring revenue. Conceptually, product stickiness is contingent on the perceived value of a product offering being deemed sufficient, or exceed expectations, from the perspective of a company’s target customer base. The
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