The Law Commission of India Invites Suggestions on Electoral Reforms The issue of ‘Electoral Reforms’ has been referred by the Central Government to the Law Commission of India for consideration and for suggesting comprehensive measures for changes in laws relating to elections. Acknowledging the importance of the subject, the Commission has prepared a Consultation Paper … Continue reading SUGGESTIONS INVITED BY THE LAW COMMISSION OF INDIA ON ELECTORAL REFORMS
THE INCOME TAX DEPARTMENT HAS IDENTIFIED 12 LAKH NON-FILERS AND HAVE STARTED THE EXAMINATION OF THE DATA AND HAS ISSUED 1,75,000 NOTICES AND MORE IS EXPECTED SOON. The Income Tax Department has also initiated a Data Warehouse and Business Intelligence (DW & BI) Project to develop an integrated platform for effective utilisation of information to … Continue reading NOTICE TO OVER 1,75,000 INCOME TAX ASSESSEES WHO HAVE NOT FILED THEIR INCOME TAX RETURNS
ENCUMBRANCE CERTIFICATE IS A SEARCH DOCUMENT, WHICH PROVIDES OR DISPLAYS THE TRANSACTIONS ON A PARTICULAR PROPERTY, DURING A PARTICULAR YEAR/PERIOD. BUT , WHAT IT DOES NOT DISCLOSE/DISPLAY/SHOW/PROVIDE- IS THE LITIGATION, CLAIMS, LEGAL HEIR-SHIP, LEGAL NOTICES, CHARGES, ARREARS OF CHARGES AND TAXES AND PROCEEDINGS IN THE COURT OF LAW. EXAMINING THE ENCUMBRANCE IN THE PROPER MANNER … Continue reading ENCUMBRANCE CERTIFICATE-WHAT, IT DOES NOT DISCLOSE OR DISPLAY??
THE BBMP COMMISSIONER, MR.SIDDAIAH HAS CANCELLED 1000 PROJECTS VALUED AT RS500 CRORES, WHICH WAS NOT CLEARED BY TVCC IN BBMP JURISDICTION ON A CLEAR CUT DIRECTION FROM THE HIGHER UPS.
THE MUCH AWAITED REGULARISATION SCHEME MIGHT BE REVIEWED AND MODIFIED TO COVER THE ENTIRE SPECTRUM OF DEVIATION, VIOLATION AND IRREGULARITIES UNDER KLR ACT, KMC ACT AND KTCP ACT WITH A VIEW TO SLAP A HEFTY PENALTY, THAT MIGHT DISCOURAGE THE FUTURE VIOLATIONS AND PROVIDE MUCH NEEDED REVENUE TO THE MUNICIPALITIES FOR THE DEVELOPMENT OF INFRASTRUCTURE.
THE CHIEF MINISTER OF KARNATAKA HAS RETAINED THE MAIN BANGALORE PORTFOLIO AND HAS DIRECTED THE OFFICIALS TO SUBMIT THE PROJECTS, DEVELOPMENT AND COMPLETION REPORT ALONG WITH FUTURE PROJECTS FOR THE DEVELOPMENT OF INFRASTRUCTURE, FURTHER MORE, THE BDA`S RESOLUTIONS MAY BE PUT ON HOLD. THERE IS A POSITIVE OUTLOOK ON THE DEVELOPMENT OF BANGALORE AS IT … Continue reading BANGALORE IS HIGH ON NEW GOVERNMENT AGENDA
THE RESERVE BANK OF INDIA ON A REGULAR SCRUTINY DISCOVERED DISCREPANCIES AND IRREGULARITIES IN BANKING OPERATIONS AND THE STING OPERATION CONDUCTED BY AN ONLINE ORGANISATION, APPEARED TO BE TRUE, LEVIED PENALTY ON THESE BANKS. THE PENALTY IS A VERY NEGLIGIBLE AMOUNT, BUT THE DISCOVERY OF ILLEGAL/IRREGULAR ACTIVITY BY THESE BANKS INVOLVING IN HUGE SUMS, WHICH … Continue reading MNC BANKS FINED BY RESERVE BANK OF INDIA
THE STATE GOVERNMENT MAY REVISE THE GUIDELINE VALUES OF THE PROPERTIES AND MIGHT INCREASE THE STAMP DUTY ON THE REGISTRATION OF PROPERTIES IN KARNATAKA, VERY SOON.
WITH SPECIAL THANKS TO COL NN BHATIA FOR HIS PERMISSION TO PUBLISH THIS ARTICLE. THE SACRIFICE !!! We always read articles about cheating, fraud and irregularities. NOW READ THE REAL STORY OF VALIANT AND BRAVE SOLDIERS, WHO FOUGHT THIS WAR FOR US AND REMAIN IMMORTALS THROUGH THEIR SACRIFICE. Battles of Sino India War 1962: Walong … Continue reading SACRIFICE ! READ THE GALLANT AND THE BRAVE MEN WHO GAVE THEIR LIVES FOR US
THE CHIEF MINISTER OF KARNATAKA HAS ANNOUNCED THE EXTENSION OF REBATE FOR THE PAYMENT OF FULL YEAR PROPERTY TAXES WITHIN BBMP JURISDICTION TILL THE END OF JUNE. AVAIL THE REBATE BEFORE 30-06-2013.
EVER SINCE THE ELECTION RESULTS THE OWNERS OF ILLEGAL/UNAUTHORISED PROPERTIES AND BUILDINGS ARE HOPING THAT THE NEW GOVERNMENT WILL HELP THEM IN REGULARISING THEIR TAINTED PROPERTIES. THERE ARE POLITICAL, JUDICIAL AND LEGAL COMPULSIONS UNDER WHICH THESE PROPERTIES WILL BE VIEWED AND THE DECISION IS TAKEN. THE INCUMBENT CHIEF MINISTER IS AN ADVOCATE AND IS A … Continue reading AKRAMA-SAKRAMA AND THE NEW GOVERNMENT
NOTIFICATION NO 9/2013 – ST., Dated: May 8, 2013 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of … Continue reading SERVICE TAX – Service tax Changes on Construction of a complex, building, civil structure
RBI/2012-13/493 DPSS.CO.CHD.No. 2030/03.06.01/2012-2013 May 7, 2013 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs /Local Area Banks Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Delay in re-presentation of technical return cheques and levy of charges for such returns As … Continue reading RBI DIRECTION ON CHEQUE RETURN CHARGES – Levy Cheque return charges only if customer is at fault
THE KERC HAS GIVEN ITS NOD FOR THE INCREASE OF POWER TARIFF BY AN AVERAGE OF 23 PAISE PER UNIT IN THE STATE OF KARNATAKA, WHICH WAS WITHHELD DUE TO THE GENERAL ELECTIONS.
The controversial power project set up in Kudankulam, around 650 kilometres south of Chennai, with two Russian-made, 1,000-MW nuclear reactors for the generation of power had been in the news for quite some time and there were objections, agitations and public outcry regarding the environmental hazards of nuclear plant. The fishermen and the localites had … Continue reading SUPREME COURT OF INDIA GIVES NOD TO KUDANKULAM NUCLEAR PROJECT
THE HIGH COURT OF KARNATAKA HAS ISSUED NOTICES TO THE CENTER AND THE STATE GOVERNMENT ON A PIL FILED BY MR.HIREMUTT, ON THE RECOVERY OF THE GOVERNMENT LANDS AND ACTION PROPOSED TO BE TAKEN ON THE IRREGULARITIES. THE PIL IS FILED ON THE BASIS OF THE A.T.RAMASWAMY COMMITTEE REPORT AND THE STF REPORT HEADED BY … Continue reading PUBLIC INTEREST LITIGATION ON THE RECOVERY OF GOVERNMENT LANDS
7. No requirement to obtain TAN by transferee deducting tax under section 194-IA Section 194-IA was proposed to be inserted by the Finance Bill, 2013 to provide for deduction of tax at source@1% on consideration for transfer of immovable property, other than agricultural land. However, no tax is to be deducted if the consideration for … Continue reading PROPERTY VALUED RS50 LAKHS AND ABOVE ATTRACTS 1% TDS- TAN NEED NOT BE OBTAINED BY TRANSFEREE !!