Tag: Income Tax Act 1961

Buybacks and Company Legislation

INTRODUCTION Buybacks is a process or a mechanism where the company approaches the shareholders to buyback or repurchase the shares they hold of the existing company.[1] Buyback is a good way to do capital restructuring. It is a strategic corporate tool regulated under Companies Act, 2013 and Income Tax Act, 1961 which is used for … Continue reading Buybacks and Company Legislation

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Originialistic And Textualistic Interprettion Of Statute With Particular Reference To The Cases

Introduction The definition of specific terms in an Indian statute can be found in the context or occasion on which they are put to use, rather than in strict etymological language propriety. Since, it is well recognized that the terms are frequently used in their ordinary sense, dictionaries may be consulted to determine the meaning … Continue reading Originialistic And Textualistic Interprettion Of Statute With Particular Reference To The Cases

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Contractual Employees Whose Contract Ended During Pregnancy Entitled To Maternity Benefits

Factual Background The present matter is a writ petition filed by the aggrieved petitioner who was denied maternity benefits that are guaranteed to pregnant female workers by the Maternity Benefit Act. Brief facts of the case are that the petitioner was appointed as a stenographer on 7thFebruary 2013 on a contractual basis. Thereafter each year, … Continue reading Contractual Employees Whose Contract Ended During Pregnancy Entitled To Maternity Benefits

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Analysis of new Inserted Tax Deducted at Source (TDS) provision (Section194R)

Introduction To ease the burden of the assesses (general public who are taxpayers) to pay the tax on due date at the end of the financial year the Central Board of Direct Taxes (CBDT) deducts the tax at source on the due income before being credited to the general public. In this case, deduction is … Continue reading Analysis of new Inserted Tax Deducted at Source (TDS) provision (Section194R)

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