legal

What is Warrant case?

Warrant case means a case relating to an offence punishable with death, imprisonment for life or imprisonment for term exceeding 2 years. Cases related to offence other than warrant cases are called as “summons case”. 

By whatsq, ago
legal

What is meaning of Victim ?

Victim means a person who has suffered any loss or injury caused by reason of the fact or omission for which the accused person has been charged and the expression “victim”  includes his or her guardian or legal heir. 

By whatsq, ago
legal

what is Cognizable offence ?

Cognizable offence as defined by Criminal procedure code ,1973As per Indian code of criminal procedure, 1973 “cognizable offence”  means a offence for which, and “cognizable case” means a case in which, a police officer may arrest the person without warrant.  Read more…

By whatsq, ago
Taxation

India finance Taxation Highlights: 2014

Direct Tax Highlights

 

1

Income tax department is expected to function not only as an enforcement dept but also as a facilitator

2

Net effect of direct tax proposals is revenue loss of Rs 22,200 crore

3

60 more 'Ayakar Sewa Kendras' to be set up.

4

Housing loan rebate to raised from 1.5 lakh to 2 lakh: Jaitley

5

Investment limit under 80C raised from Rs 1 lakh to Rs 1.5 lakh

6

Tax exemption limit for small and marginal, and senior tax payers changed from Rs 2 lakh to Rs 2.5 lakh.

7

Personal income tax limit increased by Rs 50,000 for people below 60 years.

8

No changes in tax rates for individuals.

9

FM raises PPF ceiling to Rs 1.5 lakh

(more…)

By GST Expert, ago