Under the Income tax act various allowance and perquisites are provided to employee by the employer are exempt subject to certain condition. One of which is leave travel concession (LTA) exemption. LTA can be claimed for any two years in a block of 4 calendar years. The current block year for claiming LTA is 2022 […]
Read More →National Housing Board (NHB) regulates the housing finance system of the country, extends refinance to different primary lenders and lends directly in respect of projects undertaken by public housing agencies for housing construction and development of housing related infrastructure. To enhance the efficiency and effectiveness of the operation of Housing finance company (HFCs), National housing […]
Read More →Introduction Pursuant to the inter-government agreement between India and USA, Income tax Rules were amended on 7th August 2015, by inserting rules 114F, 114G and 114H. The requirement of reporting under the Income-tax Rules is imposed by rules 114G (7) and (8). The RBI issued its 28th August 2015 Circular BR.AML.BC.No.36/14.01.001/2015-16, drawing the attention of […]
Read More →This list provides hands on information of the laws that have been notified by the Government both at Central and State levels during recent times along with their scope and applicability: Name of Legislation Geographical Applicability Effective Date Category Applicability Summary Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025 Central 06-01-2025 […]
Read More →The Industrial Disputes Act, 1947 (ID Act) governs the termination of employees classified as “workmen.” Understanding the nuances of the law is essential for ensuring compliance and avoiding legal pitfalls during retrenchment. Who Qualifies as a “Workman”? Not all the employees of the organization will not fall under the definition of “workman” under the ID […]
Read More →The Ministry of Environment, Forest and Climate Change has implemented the Battery Waste Management (BWM) Rules, 2022, effective from 22nd August 2022, with subsequent amendments. These regulations are designed to manage the waste generated by all types of batteries, irrespective of their chemistry, shape, volume, weight, material composition, or use. This includes portable, automotive, industrial, […]
Read More →In recent years, the growing awareness of environmental issues has led to a surge in demand for eco-friendly products and services. However, this increased demand has also given rise to a phenomenon known as “greenwashing,” where companies make misleading or exaggerated environmental claims to appeal to environmentally conscious consumers. To combat this, issue the Central […]
Read More →India’s Public Safety Measures Act is a law designed to maintain public safety, security, and order in the nation. While specific provisions of the Act may vary across states, The Act’s principal objective is to give authorities the authority to take preventive measures in order to safeguard peace and public security. The Act usually targets issues […]
Read More →The Ministry of Environment, Forest and Climate Change issued a notification on January 6th 2025 taking a giant leap in the direction of environmental sustainability with the introduction of the Environment Protection (End-of-Life Vehicles) Rules, 2025. The primary aim of these new regulations is to promote the recycling and reuse of vehicle components and materials. […]
Read More →The International Financial Services Centres Authority (IFSCA) has issued International Financial Services Centres Authority (Informal Guidance) Scheme, 2024 vide circular No F. No. IFSCA-LPRA/11/2024-Legal and Regulatory Affairs dated December 02, 2024 to address issues and challenges in interpreting legal and regulatory provisions by financial institutions, persons intending to set up a Unit in IFSC. Scheme […]
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