Month: April 2016
Govt cancels new PF withdrawal norms, old system to continue
In a major relief to the salaried class, the government on Tuesday cancelled the new Provident Fund withdrawal norms which restricted workers from withdrawing the…
CBDT proposes Foreign Tax Credit Rules to help corporates
To provide relief to corporates having income abroad, the tax department today proposed simplified ‘Foreign Tax Credit’ rules allowing companies to claim credit for taxes…
DU entrance exam might have only objective questions for PG admissions
In a bid to ensure transparency in evaluation, the University of Delhi’s entrance examination for post graduate courses will most likely have only multiple-choice questions,…
All you need to know about Income Tax Returns for AY 2016-17
It is that time of the year when it becomes compulsory for salaried individuals and companies to file income tax returns. Different forms for return…
Epic systems wins $940 million verdict in Tata Trade secret case
Epic Systems Corp., of Verona, a giant in electronic health records, filed suit in U.S. District Court in Madison against Tata Consultancy Services, of Mumbai,…
All Services By Government To Businesses To Attract Service Tax
The revenue department confirmed all services provided by government or a local authority to a business entity will attract service tax from April 2016. However,…
The case of Garner vs Murray in Partnership
Garner v/s Murray is a very famous case in partnership law, it is so popular that the situation related to this case named is Garner…
Salomon case and the concept of Separate Legal Entity
The concept of separate legal entity is widely used in the business scenario. Human beings are generally legal person but humanity is a state of…