Credit for tax paid in case of abatement of proceedings Where an application made under section 22C on or after the 1st day of June, 2007, is rejected under sub-section (1) of section 22D, or any other application made under section 22C is not allowed to be proceeded with under sub-section (2A) of section 22D […]
Abatement of proceedings before Settlement Commission (1) Where,— (i) an application made under section 22C on or after the 1st day of June, 2007 has been rejected under sub-section (1) of section 22D; or (ii) an application made under section 22C has not been allowed to be proceeded with under sub-section (2A) or
Powers of Settlement Commission to grant immunity from prosecution. (1) The Settlement Commission may, if it is satisfied that any person who made the application for settlement under section 22C has co-operated with the Settlement Commission in the proceedings before it and has made a full and true disclosure of his net wealth and the
The SIDBI Fund of Funds for Startups (FFS) is an initiative by the Small Industries Development Bank of India (SIDBI), launched under the Startup India Action Plan in 2016. It aims to provide financial support to startups in India by investing in Venture Capital (VC) funds, which then invest in startups. The Government of India
Delhi Ladli Scheme was launched by the Department of Women & Children Development, Government of the National Capital Territory (NCT) of Delhi on 1st January 2008 to empower girl children born in Delhi. The State Bank Life Insurance Co. Ltd. (SBIL) is the scheme’s Fund Manager. Under this scheme, financial assistance is provided in the
HDFC Bank offers Gold Loan for loan amounts starting from Rs 25,000 and for tenures of up to 42 months. The minimum gold loan amount offered by the bank in rural areas is Rs 10,000. HDFC Bank claims to disburse Gold Loans within 45 minutes and a triple layer security for the gold pledged as
Valuation certificate is used to prove the value of property of the applicant in his/her hometown. This can also be used as a collateral for the educational loan from Bank to cover applicant’s expenses. If Valuation Certificate is required for Outside State Purposes, the certificate will be issued from Taluk(s) Office. If Valuation Certificate is
Employees’ Provident Funds and Miscellaneous Provisions Act 1952, an employee has to make a specific contribution of remuneration to the provident fund account, and an equal contribution has to be made by an employer. Withdrawals under this scheme require an EPFO member to fill up a handful of forms, PF Form 19 being one of them. What
Minimum Viable Product or MVP is a development technique in which a new product is introduced in the market with basic features, but enough to get the attention of the consumers. The final product is released in the market only after getting sufficient feedback from the product’s initial users. What is a minimum viable product
Most of the individuals own a savings bank account. However, only a few know that the interest received on it is taxable under the ‘Income from other sources’ head. But, there’s Section 80TTA to the rescue that can save taxes on interest received up to Rs 10,000. Section 80TTA of the Income Tax Act, 1961
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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