Karnataka Stamp Act extends to the whole of the State of Karnataka. As per this Act, a kind of tax called ‘Stamp Duty’ is levied on the documents executed in Karnataka. There are 55 articles (instruments/documents) described in the Schedule to the said Act for which the stamp duty is …
Read More »Road Transport and Safety Act 2014
It was in the early days of the Modi government (Aug 2014) that the Union Minister of Road Transport Mr. Natin Gadkari made a sensational statement “RTOs will be scrapped soon” Do you remember this? Yes. After he made the statement, nothing has changed except that a piece of draft …
Read More »VIP culture at Wagah Border Parade
If you happened to be at Amritsar, the holiday makers will list out three places to visit namely, Golden temple, JallianwalaBagh and Wagah Border. This article is about the VIP culture at the daily Parade at Wagah Border. Indo-Pak Border – Attari, 32 Kms from Amritsar is the last …
Read More »Direct Benefit Transfer (DBT)
Direct Benefit Transfer (DBT) was the program launched by the Government of India in 2013, during the Congress led UPA government’s regime. This program aims to transfer subsidies directly to the people through their bank accounts. Read this article to know more about the scheme and its benefits. It …
Read More »Real Estate (Regulation and Development) Bill | Good news for property buyers!
Good news for property buyers! Ask anyone what is missing in real estate sector now. The immediate answer will be ‘accountability and transparency’, isn’t it? What is promised is not delivered, the promised completion dates are not kept up, the measurement of area is not clear (super built, carpet or …
Read More »What is Net neutrality? |Stuff one should know
The issue of net neutrality is raised by Mr. Rahul Gandhi in the Parliament. Maybe, after he spoke, many of us have tried understanding the funda of net neutrality!I am trying to put forth this issue in simple words. In case I have missed any points, please add them in …
Read More »The Key bills which may be passed in the Parliament during Budget Session 2015
The budget session 2015 of the Parliament has begun on 20th April 2015 in Lok Sabha. It will commence on 23rd April 2015 in Rajya Sabha. The session will continue till 8th May 2015. During this session, the Government has lined up many Bills to be passed to accelerate the …
Read More »Interest earned from the deposits in a cooperative bank is subject to TDS
There are three mains reasons why people keep deposits in co-operative banks. One, the bank is closer to their home and the staff there is more friendly compared to the staff in nationalized banks. Two, the bank offers higher rate of interest compared to nationalized banks. Three, the interest on …
Read More »The appeal procedure under Income Tax Act
In general parlance, ‘appeal’ means ‘making a request’ and in legal parlance, it means ‘apply to a higher court for a reversal of the decision of a lower court’. In this article I have covered the levels of appeal under Income Tax Act. Hope this helps. In India, the …
Read More »Monthly digest of rare terminologies for the month of March 2015
Modi, BJP hold out olive branch for budget session -This is what the media wrote when the BJP-led government reached out to the opposition parties on the eve of the budget session with Prime Minister Narendra Modi leading the way in seeking their support and soothing frayed nerves, So, what …
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