Practical Case Studies on Old vs. New Income Tax Regime.

Introduction: In the bustling city of Mumbai, India, resides Priya, a middle-class working professional. She finds herself grappling with a challenging decision: whether to opt for the New Tax Regime introduced by the Government or stick with the familiar Old Regime. This decision holds immense significance for Priya and millions of other Indian taxpayers, impacting their financial stability...

Is the New Tax Regime appealing enough? : Practical difficulty of New Tax Regime.

Background: Utilization Trends of the New Tax Regime The dual objectives outlined in the budget speech for the new tax regime are recognized, yet there is a noticeable reluctance to fully embrace it. This hesitation seems to originate from the elimination of numerous exemptions and deductions linked to choosing the new regime. Considering that Indian society tends to prioritize saving for...

ROC penalizes directors for failing to notify the change of residential addresses in DIR-3.

What is Director identification number (DIN)? Director identification number (DIN) is a unique identification number allotted to a person wanting to be a director of a company. To obtain DIN, the concerned person needs to make an application in e-form DIR-3. Facts of the case: M/s. SVPL is a registered company having its registered office in the state of Bihar. The company has three directors...

Aadhar Card is Not Proof Of Date Of Birth, School Leaving Certificate Can Be Considered To Determine Pension: Gujarat High Court

1. Introduction of the Case: The court order identifies the case as a Special Civil Application No. 16484 of 2022, titled Gopal Bhai Naranbhai Vaghela versus Union of India & Anr., before the High Court of Gujarat at Ahmedabad. 2. Appearance of Parties: The appearance section lists the legal representatives for each party: Mr. Ramnandan Singh for the petitioner. Mr. Pathik M. Acharya...

Streamlining Employee Benefits: The e-Pehchaan Card Initiative under the ESI Scheme.

  Title: “Streamlining Employee Benefits: The e-Pehchaan Card Initiative under the ESI Scheme” Introduction: In a significant move towards enhancing efficiency and accessibility in employee benefits, the Ministry of Labour and Employment (MoL&E) has issued a circular, emphasizing the issuance of ePehchaan cards to all Insured Persons (lPs) under the Employees’ State Insurance (ESI)...

Navigating Revised Minimum Wages: Maharashtra Compliance Guide (Jan 1, 2024 – June 30, 2024)

  Introduction: Stay ahead of the curve with our comprehensive guide on implementing the Revised Minimum Wages in Maharashtra, ensuring seamless compliance from January 1, 2024, to June 30, 2024. Section 1: Understanding Maharashtra’s Regulatory Landscape Unravel the intricacies of Maharashtra’s employment regulations, with a focus on the latest revisions in minimum wage requirements....