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Posted On:  1 year ago


Black Money Act- Black Money bill, features, provisions, negative effect and penalty.

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 has raised a lot of dust in Indian financial circles. Many people feel that it is a very harsh law. The government (through its Finance Ministry officials) appears to have steadfastly taken a stand that the law is meant to be harsh and that the special One Time Compliance Scheme (OTCS) is the last opportunity available for offenders to come clean.

article author Dharmesh Jain

Posted On:  1 year ago


Employees Compensation act, 1923, Applicability, benefits and Penalties

This article gives information about the Employees Compensation act. The object of the act is to provide for the payment of compensation by certain employers to their works men for injury caused to them by accident while in employment. If a workman contracts an occupational disease while in employment, it is also treated under the act as injury caused by accident.

article author Dharmesh Jain

Posted On:  1 year ago


Payment of Wages act 1936, Applicability, eligibility, benefits and Penalties

This article gives all information regarding the payment of wages act. This act serves a very limited purpose on the payment of wages to certain classes of employees on certain aspects of payment of wages like time of payment, authorised deductions; recovery of wages not paid, delayed or held up by the employer.

article author Dharmesh Jain

Posted On:  1 year ago


Maternity Benefit act 1961, Applicability, benefits and Penalties

This article provides information regarding the maternity benefit act 1961. The act was introduced to provide maternity benefit to women’s in certain class of establishments and to regulate the employment of women worker in such establishments before and after child birth.

article author Dharmesh Jain

Posted On:  1 year ago


Maharashtra Labour Welfare Fund act 1953, Applicability, eligibility, Contribution, benefits and Penalties

This article gives all information regarding Maharashtra labour welfare Fund act. This act was introduced to fund the activities to promote welfare acts among the labour in the state of Maharashtra for conducting such activities and for certain other purposes. Under the act the amount to be contributed by both employer and employee is mentioned and also the penalties in case default is made under this act.

article author Dharmesh Jain

Posted On:  1 year ago


Employee’s State Insurance act 1948, Applicability, Registration, Contribution, benefits and Penalties

This act provides for medical attendance and treatment, cash benefits during sickness, maternity and employment injury, pension for dependents on the death of workers due to employment injury and funeral towards expenses on funeral of insured person. Wherever the E.S.I Scheme is extended the employers are absolved of their liability under the Employee’s compensation Act, 1923 and under the Maternity benefit act, 1961 from the date from which maternity benefit

article author Dharmesh Jain

Posted On:  1 year ago


Tax Saving Schemes You Must Know

About some traditional tax saving schemes for individuals which are allowed as deduction under the Income Tax Act and which are also considered to be a good mode of investment.

article author Shivam Tara

Posted On:  1 year ago


80G and 12A Registration

Process to apply 80G and 12A Licence

article author Sukhwinder Singh

Posted On:  1 year ago


Partnership Act – Registration Process application and effect of non-registration of partnership firm

This article contains the Application for registration, completion of registration process and the Effect of non-registration.

article author CA Chirag Chauhan

Posted On:  1 year ago


Partnership Act - Properties, Partners as Agent, Agency and Partners Authority related matters

This article contains the meaning of properties, application of the property of the firm, personal profits earned by partners, partner to be agent of the firm, implied authority of partner as agent of the firm, extension and restriction of partner's implied authority, partner's authority in an emergency, mode of doing act to bind firm and continuing authority of partners for purposes of winding up.

article author CA Chirag Chauhan

Posted On:  1 year ago


Partnership Act - Partners Rights, Duties, Transfer of Rights after dissolution, Restrain from use Firms name in case of dissolution

This article contains about mode of determining the existence of partners, general duties of a partner, determination of rights and duties of partners by contract between the partners, determination of rights and duties of partners after a change in the firm, rights of transferee of a partner's interest, rights of outgoing partner to carry on competing business, right of outgoing partner in certain cases to share subsequent profits, rights of partners to have business wound up after dissolution, payment of firm debts and of separate debts, rights where partnership contract is rescinded for fraud or misrepresentation, right to restrain from use of firm name or firm property and agreements in restraint of trade.

article author CA Chirag Chauhan

Posted On:  1 year ago


Partnership Act – Firm Name and Place, Branches, Rectification of Mistake, Penalty and Power to make rules

make rules This article contains application of provisions of Act 9 of 1872, power to exempt from application of this chapter, appointment of registrars, recording of alterations in firm name and principal place of business, noting of closing and opening of branches, noting of changes in names and addresses of partners, rectification of mistakes, amendment of register by order of court, inspection of register and filed documents, grant of copies, rules of evidence, penalty for furnishing false particulars, power to make rules and mode of giving public notice.

article author CA Chirag Chauhan

Posted On:  1 year ago


Partnership Act – Dissolution modes and Liability after dissolution, settlement and sale of goodwill

This article contains the meaning of dissolution, various modes of dissolution like - dissolution by agreement, dissolution on the happening of certain contingencies, compulsory dissolution, dissolution by notice of partnership at will and dissolution by the court, it further contains the liability for acts of partners done after dissolution, personal profits earned after dissolution, mode of settlement of accounts between partners, return of premium on premature dissolution, sale of goodwill after dissolution and recording of changes in and dissolution of a firm.

article author CA Chirag Chauhan

Posted On:  1 year ago


Partnership Act - Admission and Provision for Minors admitted to the benefits of partnership

This article contains the effect of admission by a partner, minor to be admitted as a partner and introduction of a partner

article author CA Chirag Chauhan

Posted On:  1 year ago


Partnership Act Retirement, Expulsion and Insolvency of a partner

This Article details with retirement modes, explosion and insolvency of partner.

article author CA Chirag Chauhan

Posted On:  1 year ago


Payment of Bonus Act- Balance-sheet and profit and loss account of Corporations, Audited accounts of banking companies and miscellaneous provisions

This article gives an overview on presumption about accuracy of balance-sheet and profit and loss account of corporations and companies, Audited accounts of banking companies, employer’s audit of accounts and miscellaneous provisions of bonus act.

article author One Roof Consultant

Posted On:  1 year ago


Payment of Bonus Act-Accounting years, Special provisions, provision for certain classes of employees.

This article gives an overview on first five accounting years, sixth & seventh accounting year, duty of the employer from 8th accounting year, Special provisions with respect to payment of bonus linked with production or productivity and provision for certain classes of employees.

article author One Roof Consultant

Posted On:  1 year ago


Payment of Bonus Act- Rules, power of exemption, stages and Provision for inspector

This article gives an overview on power of exemption, stages, establishment from the provisions of the Act and rules may be provided by Central Government.

article author One Roof Consultant

Posted On:  1 year ago


Payment of Bonus Act- Dispute, Punishment, penalty and offences committed by companies

This article gives an overview on Punishment where a liability has been proved, offences committed by companies, penalties for the person if he contravenes any of the provisions and punishment for the offences.

article author One Roof Consultant

Posted On:  1 year ago


Payment of Bonus Act Calculation of Surplus, Gross Profit, Direct Tax payable

This article gives an overview on calculations of available surplus, calculation of direct tax payable by the employer, deductions of sums from the gross profits.

article author One Roof Consultant