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Showing posts from July, 2022

Important Excerpts Of Tamil Nadu Land Reforms – Act 1961 You Must be Aware Before Buying a Land

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The Tamil Nadu Land Reforms (Fixation Of Ceiling On Land) Act 1961 Came Into Force On 6.4.1960. According To This, The Maximum Extent That One Family Of Five Members Could Hold Was Fixed As 30 (Thirty) Standard Acres. It is one of the laws which brought reform in the   property rights of owners . For Every Additional Member In The Family, Additionally Five Standard Acre Was Allowed Subject To A Maximum Of 60 (Sixty) Standard Acres. Note:  Roads, Channels, And Drainage Channels In Cultivated Lands Used For The Agricultural Purposes Should Not Be Treated As Non-Agricultural Land. Lands Held By State / Central Government Any State / Central Governments Under Takings Or Local Authority. Held By Universities. Assigned To Land Colonization Co-Operative Society. Exempted Under Section 37-A (Industrial / Commercial Organisation) As Long As The Exemption Is In Force. Permitted Under Section 37-B (Public Trust) As Long As The Permission Continues. Where Plantations As The Date Of Commencemen...

80G Registration for Non-Profit Orgnaisation

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  Most Important Conditions to be Satisifed for Income Tax Deduction for Donations – 80G Registration for Non-Profit Orgnaisation 80G Registration Exempts A Company From Partially Or Fully Paying Taxes If The Company Has Made Any Donations To Charitable Trusts Or  Section 8 Companies  Or Organizations That Are Registered For The Liberty Of Exemption From Taxes. If A Charitable Organization Or Trust Is Registered Under Section 12 A, Then It Allowed The Liberty Of Tax Exemption Under Section 80G Registration. There Is However A Maximum Allowable Deduction Criterion. The Criterion Is If The Aggregate Of The Amount You Donate Exceeds 10% Of The Total Gross Income, Then The Excess Amount Will Not Qualify For Tax benefits. Requirements For Approval Of An Institution Or Fund Under Section 80G -Rule 11AA Form 10 G Is Required By The Trust So That Can Issue A Certificate To Donors And They Can Claim An Exemption For Donations Made To Trust Under Sec 80G. The Application For Approv...

Insolvency Filings before the Court – Why, When and Where You Should File the Insolvency

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  Insolvency Is The One Word That Haunts All Business Personals. Every Single Entrepreneur Is Afraid Of This Word Mostly Because They Don’t Understand Or Know Much About Insolvency Filings And The Procedures Required To Get Your Self Out Of It. So To Give You A Little More Clarity On  Insolvency And Bankruptcy Code Processes  We Bring You This Article. Why Insolvency is Filed? Insolvency Filings Is Done When The State Of A Company Which Has Debt That It Is Unable To Pay Via Its Yield. You Normally Take Debts For Improving The Yield Of Your Business But When The Business Is Dropping So Low That It Could Not Even Pay The Interests Then It Is Said To Touch That Scary Place Called Insolvency Or Bankruptcy. There Are Two Different Types Of Insolvencies: Cash Flow Insolvency Balance-Sheet Insolvency When a Company Chose to file Insolvency Petition? When A Person Or His Company Slipped Into Insolvency But Yet He Has Enough Money Via Assets To Pay Off The Debts Then It Is Considered To Be ...

The Top 5 Landmark Election Judgements You Must Know That Shaped Up the Election Process in India

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  5 Landmark Election Judgements that Shaped Indian Election Process Judgments of the Supreme Court in India are often highly impactful, particularly during national elections. In the most recent election, for example, the court unanimously upheld the government’s decision to disqualify a rival party’s candidate from running due to alleged financial irregularities. As a result, the ruling party was able to win with a significantly smaller majority. Similarly, in another high-profile case earlier this year, the court struck down part of India’s controversial anti-spy law, which had been widely seen as an attempt by the government to suppress dissent. The law had led to several arrests and widespread public criticism. These 5 landmark Indian Election judgments helped to stabilize political conditions and improve public trust in the judicial system. Indira Nehru Gandhi V. Raj Narain   Facts Of The Case: –   Smt.Indira Nehru Gandhi Was Elected To The House Of The People By  R...

Waiver of Six Months Waiting Period In Mutual Divorce Petition – Process and Procedures in Court

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Divorce is the choice when the marriage ends in bitterness and the couple no longer wants to live under the same roof. The irony is despite the years of living together as husband and wife, now they want to part away as soon as possible. “ When will I get my divorce” or “how soon I can get my Mutual divorce?”  is the most important answer they want to know. Well! the contentious divorce is not going to end any sooner if that is what your choice is. Mutual Divorce is the one and only way the couple can end their marriage relationship within six months. But if that sounds too much you still have a way to end much sooner. Yes! you heard right! But the process of waiving the six-month cooling-off period is not that simple. In a mutual divorce, the couple must wait six months. Yet, in some cases, the court waives off Six months mandatory Cooling-off Period. Procedures to Waive Cooling Off Period in Mutual Divorce Cases The couple must have lived as husband and wife at least for a year A...

Top 10 Landmark Judgements Of Supreme Court In 2020 – All That You Must Know

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  “Indian Judicial System Has Always Set Its Benchmarks High In All Situations. When The Entire World Was Caught Amidst This Pandemic Situation, The Judicial System Had Been On Its Foot To Render Justice To The Citizens Of The Country. Embracing The Technology, Courts Have Begun To Solve The Cases Virtually And Have Delivered Various Landmark Judgements In The Year 2020.”   Various Landmark Judgements That Are Worth Reading Are Given Below: Right To Access The Internet Is Equivalent To A Fundamental Right. Anuradha Bhasin Vs. Union Of India  – 4 Main Propositions Were Laid Down In This Judgment:  The Internet As A Mode Of Communication Serves As An Important Medium Through Which Citizens Can Actualize Fundamental Rights Concerning The Right To Freedom Of Speech And Expression Under  Article 19(1)(A)  And  Article 19(1)(G) . There Is A Need To Strike A Balance Between Liberty Grants And Security Concerns By The State To Secure The Right To Life Under  Article 21. If Any Re...