February 2025

Bank of Baroda (BOB) Savings Account

Bank of Baroda (BOB) Savings Account

BOB savings accounts are available at any of the 5230 Indian branches or ATMs. Saving money with a Bank of Baroda savings account will be easy because of its personalized services, appealing features, and other unique benefits. The BOB Savings Account interest rates starts from 2.75% and can reach up to 3.35%.  Bank of Baroda […]

Drunk Driving Laws and Punishment in India

Drunk Driving Laws and Punishment in India

Drunk driving, also referred to as driving under the influence (DUI), is a major offense in India that endangers public safety. To curb this menace, the Indian government has implemented strict laws to penalize offenders and deter reckless driving. The primary legal provisions governing drunk driving are found in the Motor Vehicles Act, 1988, which has undergone

Decoding the code on wages, 2019

Code on Wages, 2019

The Code on Wages, 2019 is a law that consolidates and simplifies four previous wage-related laws in India. It aims to ensure fair wages and timely payments to workers while reducing compliance burdens for businesses. What is the Code on Wages, 2019? The Code on Wages, 2019, was passed by Parliament in August 2019 and

Income Tax Refund

Income Tax Refund

Income Tax Refund arises in case of a mismatch between the tax amount paid and the actual payable amount. If the amount paid is higher than the actual amount payable, a refund is initiated. What is Income Tax Refund? An income tax refund refers to the amount of money that a taxpayer receives from the government

Birth certificate registration in india

birth certificate registration in india

A birth certificate is an important official document that validates the birth place, date of birth, name, and gender of an infant. In other words, it proves the existence of a personA birth certificate in India is a permanent and official record of the child’s existence. A child who is not registered at birth is

Section 37B – Wealth-Tax Act, 1957

Power to requisition books of account, etc. (1) Where the 71[Director General or Director] or the 72[Chief Commissioner or Commissioner], in consequence of information in his possession, has reason to believe that— (a)   any person to whom a notice under sub-section (4) of section 16 or a summons under section 37 was issued to produce, or

Section 37A – Wealth-Tax Act, 1957

Power of search and seizure (1) Where the 31[Director General or Director] or the 32[Chief Commissioner or Commissioner] or any such 33[Joint Director] or 34[Joint Commissioner] as may be empowered in this behalf by the Board, in consequence of information in his possession, has reason to believe that— (a)   any person to whom a notice under sub-section (4)

Section 37 – Wealth-Tax Act, 1957

Power to take evidence on oath, etc (1) The 11[Assessing Officer],12[Valuation Officer,] 13[Deputy Commissioner (Appeals)], 14[Commissioner (Appeals),]15[Chief Commissioner or Commissioner] and the Appellate Tribunal shall, for the purposes of this Act, have the same powers as are vested in a court under the Code of Civil Procedure,1908 (5 of 1908), when trying a suit in respect of the

Section 36A – Wealth-Tax Act, 1957

Power to tender immunity from prosecution (1) The Central Government may, if it is of opinion (the reasons for such opinion being recorded in writing) that with a view to obtaining the evidence of any person appearing to have been directly or indirectly concerned in or privy to the concealment of particulars of net wealth

Section 36 – Wealth-Tax Act, 1957

Proof of entries in records or documents Entries in the records or other documents in the custody of a wealth-tax authority shall be admitted in evidence in any proceedings for the prosecution of any person for an offence under this Act, and all such entries may be proved either by the production of the records