February 9, 2025

Section 22D- Wealth-Tax Act, 1957

Procedure on receipt of an application under section 22C (1) *On receipt of an application under section 22C, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant requiring him to explain as to why the application made by him be allowed to be proceeded […]

Section 22C – Wealth-Tax Act, 1957

Application for settlement of cases 1) 57An assessee may, at any stage of a case relating to him, make an application in such form and in such manner as may be prescribed, and containing a full and true disclosure of his wealth which has not been disclosed before the 58[Assessing Officer], the manner in which such wealth

Section 22BD – Wealth-Tax Act, 1957

Decision to be by majority If the Members of a Bench differ in opinion on any point, the point shall be decided according to the opinion of the majority, if there is a majority, but if the Members are equally divided, they shall state the point or points on which they differ, and make a

Section 22BC – Wealth-Tax Act, 1957

Power of Chairman to transfer cases from one Bench to another  On the application of the assessee or the 54[Chief Commissioner or Commissioner] and after notice to them, and after hearing such of them as may desire to be heard, or on his own motion without such notice, the Chairman may transfer any case pending before

Section 22BB – Wealth-Tax Act, 1957

Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances (1) In the event of the occurrence of any vacancy in the office of the Chairman by reason of his death, resignation or otherwise, the Vice- Chairman or, as the case may be, such one of the Vice-Chairmen as the Central Government

Section 22BA – Wealth-Tax Act, 1957

Jurisdiction and powers of Settlement Commission (1) Subject to the other provisions of this Chapter, the jurisdiction, powers and authority of the Settlement Commission may be exercised by Benches thereof. (2) Subject to the other provisions of this section, a Bench shall be presided over by the Chairman or a Vice-Chairman and shall consist of

Digital Life Certificate (DLC)-Jeevan Pramaan Patra

Digital Life Certificate

To encourage financial independence after retirement, the Government introduced various sponsored pension schemes to help individuals build a retirement corpus. But to avail such pension, individuals need to furnish Life Certificate to the institution that is authorized to disburse pension into their account.  Such a life certificate serves as proof of their existence for receiving

Scheme for Celebration of Birth/death Anniversary of Eminent Personalities

Scheme for Celebration of Birth death Anniversary of Eminent Personalities

The Scheme for Celebration of Birth/Death Anniversary of Eminent Personalities is an initiative by the Government of India to honor and remember the contributions of great leaders, freedom fighters, social reformers, and other notable personalities. This scheme provides financial and logistical support for organizing events, seminars, and cultural programs on their birth or death anniversaries.

What is a Gift Deed

Gift Deed

Gifting is part of Indian culture, which embodies sharing and generosity. However, a property transfer gift must follow a legal process through gift registration. A gift deed is a legal document that legally registers a property transfer In India, property transfers as gifts are governed by the Transfer of Property Act, 1882 (“Act”). A gift

Generate E Way Bills

Your Simple Guide to GST eWay Bill How to Generate Online

An electronic waybill for the transport of commodities is known as an E-way bill. It aids in the tracking of goods flow following GST regulations and aids in the prevention of tax evasion The ewaybill (EWB) portal provides a seamless gateway to generate eWay bills (single and consolidated options), change vehicle number on the already generated EWB