Author: administrator

The High Court explains the law on levy of interest u/s 234B(3) when reassessment is done determing escaped income after issue of refund.

The High Court explains the law on levy of interest u/s 234B(3) when reassessment is done determing escaped income after issue of refund.  Prelude: Section 234B(3) of the Income Tax Act, 1961 (the Act) provides for levy of interest where a reassessment or re-computation under Section 147 or …

MCA initiatives for making the Incorporation Process Speedy, Smooth, Simple and reducing number of procedures involved

MCA initiatives for making the Incorporation Process Speedy On the occasion of the 69th Republic Day, the Ministry of Corporate Affairs (MCA) has launched the following Government Process Re-engineering (GPR) initiatives for making the Incorporation Process Speedy, Smooth, Simple and reducing the number of procedures involved for starting a …