The following are the points are worthy to note before designing the good salary package to an employee.
As said by someone, “tax evasion is a crime but tax planning is inevitable”
Let us proceed to know how to save your salary from the legal burglary!
1. House Rent allowance [Sec 10(13A)]: HRA granted to an assessee by his employer is exempt to the extent the least of the following:
a) Excess of rent paid over 10% of salary due for the relevant period; or
b) If the accommodation is in ,Mumbai, Calcutta,...
Thursday, 13 June 2013
Sale of Immovable Property : Latest Judgment
Sale of Immovable Property : Latest Judgment
I am referring the latest judgment of Supreme Court on the burning issue of transfer of property by way of General Power of Attorney (GPA) / Sale agreement (SA) or Sale contract/ WILL.
This judgment is passed by Hon’ble Justice R.V. Raveendran , Justice A.K. Patnaik & H.L.Ghokhle, in Special leave Petition of Suraj Lamp & Industries Vs. State of Haryana, decided on 11th October 2011.
This Judgment is very useful to learn the basics of transfer of property and create...
Communication with Client
Whether you are running your own business or working in corporate, you often deal with clients. Clients are backbone of any business, so it is important to have good communication with them. Here are three points you should take care while communicating with your clients:
1. Develop comfort level: Client may not care about how much you know or how good your services or products are unless he/she has good comfort level with you. Comfort level means you have friendly behavior and your client feels welcome in your presence.
Let me...
Government declares war against huge backlog of court cases
New Delhi, Oct 25 The central government Sunday declared a war against huge backlog of over 31 million court cases, finalising an ambitious scheme to appoint 15,000 trial court judges and 700 high court judges on contract for two years to work in three shifts to eliminate arrears within three years.
The Congress-led United Progressive Alliance government finalised this ambitious scheme at the end of a two-day “National Consultation for Strengthening the Judiciary Towards Reducing Pendency and Delays”. Law Minister M. Veerappa Moily organised...
Mere Expression Of Regret Cannot Be Interpreted As Admission
Chennai: Can a mere expression of regret by employees be construed as admission of guilt and the worker concerned be dismissed from service? No, the Madras high court has ruled.Justice KK Sasidharan, directing the reinstatement of three industrial workers dismissed from service 17 years ago, said: “Admission (of guilt), to be used against the maker, should be clear, unambiguous, unequivocal and without any scope for two interpretations. It should lead to a clear conclusion ofadmission.”
The judge was passing orders on the writ petitions of three...
Online infringement of Trademarks
Introduction :
Cyberspace is a virtual world, which exists only in computer memory, but it is interactive and pulsing with life. In cyberspace, one can meet and talk to new people, read, publish, research, hear music, see video, look at art, purchase and sell things, access government documents, send emails, download software, and receive technical support. Cyberspace is a living organism, constantly changing, as more information is uploaded, downloaded, as more people join the pioneers of this brave new world. Our laws have yet to catch...
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