Category: Income Tax Act

Insurance Company Will Pay TDS In Accident Cases If Interest On Compensation Is Paid Before June 2015: Punjab and Haryana High Court Decisions

According to Justice Arvind Sangwan of the Punjab and Haryana High Court, if the interest on compensation was paid before June 1, 2015, the day the Income Tax Act was modified, the insurance company would have to refund the amount of tax deducted at source (TDS) to claimants in automobile accident cases.Additionally, it has been

Supreme Court

Tax appeals must be filed on time, and the Supreme Court has called for an electronic system to track revenue litigation.

Tax appeals must be filed on time, and the Supreme Court has called for an electronic system to track revenue litigation. The Supreme Court on Thursday called for a system to track revenue litigation, lamenting the Union’s ‘500 or 600-day’ delay in submitting appeals, even in legitimate tax cases. The Court urged the Centre to

DISSOLUTION OF A PARTNERSHIP FIRM

INTRODUCTION The Partnership Act is a comprehensive structure for contractual and partner partnerships and the basis for the most common form of small business organization. The Indian Partnership Act enacted in the Year 1932 establishing the partnership law relating to the relationship between individuals who have decided to share the income of a business carried

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