February 18, 2025

Section 34AA – Wealth-Tax Act, 1957

Appearance by registered valuers Notwithstanding anything contained in this Act, any assessee who is entitled to or required to attend before any wealth-tax authority or the Appellate Tribunal in connection with any matter relating to the valuation of any asset, except where he is required under this Act to attend in person, may attend by […]

Section 34A – Wealth-Tax Act, 1957

Refunds (1) Where, as a result of any order passed in appeal or other proceeding (including a rectification proceeding) under this Act, refund of any amount becomes due to the assessee, the 33[Assessing Officer] shall, except as otherwise provided in this Act, refund the amount to the assessee without his having to make any claim in

Section 34 – Wealth-Tax Act, 1957

Restrictions on registration of transfers of immovable property in certain cases [Omitted by the Wealth-tax (Amendment) Act, 1964, w.e.f. 1-4-1965. See section 230 of the Income-tax Act, 1961.]

Section 33 – Wealth-Tax Act, 1957

Liability of transferees of properties in certain cases (1) Where by reason of the provisions contained in section 4, the value of any assets transferred to any of the persons mentioned in that section have to be included in the net wealth of an individual, the person in whose name such assets stand shall, notwithstanding

Section 32 – Wealth-Tax Act, 1957

Mode of recovery The provisions contained in sections 221 to 227, 28[228A,] 229, 231 and 232 of the Income-tax Act and the Second and Third Schedules to that Act and any rules made thereunder shall, so far as may be, apply as if the said provisions were provisions of this Act and referred to wealth-tax and

Section 31 – Wealth-Tax Act, 1957

When tax, etc., payable and when assessee deemed in default (1) Any amount specified as payable in a notice of demand under section 30 shall be paid within 9[thirty days] of the service of the notice at the place and to the person mentioned in the notice: Provided that, where the 10[Assessing Officer] has any reason to believe

Big Loan Scheme

Big Loan Scheme

“Big Loan Scheme” by the Delhi Scheduled Castes/Other Backward Classes/Minorities & Handicapped Finance and Development Corporation Limited (DSFDC), Government of National Capital Territory (GNCT) of Delhi, aims to provide term loans up to ₹5,00,000/- for setting up income-generating activities under permissible non-polluting trades in Delhi. The scheme targets marginalized groups, including Scheduled Castes, Other Backward

Credit Guarantee Scheme for Startups

Credit Guarantee Scheme for Startups

The Government of India, to give a much-needed boost to the startup industry, has recently announced a special scheme, known as the Credit Guarantee Scheme for Startups or Credit Guarantee Fund Scheme or CGSS. An offshoot of the Startup India plan launched by the Prime Minister, this scheme, with a contribution of Rs.2000 crore, will