Budget 2024 Overview

                                                                                      CA A. K. Jain

Indian Prime Minister Narendra Modi's government has presented its last budget before the country heads for general elections in the coming months. The interim budget focuses on the government’s objective of making India a $5 trillion economy and a developed nation by 2047.The interim budget or a stop-gap financial plan will come into effect from 1 April until a new government presents a full-fledged budget after coming to power............................click here to read further


One Nation One Election

CA A. K. Jain

Subject: Notice for inviting suggestions from members of the general public for making appropriate changes in the existing legal administrative framework to enable simultaneous elections in the country.

First of all, we express our approbationto the Government of India for the constitution of a high-level committee to discuss the ‘One Nation One Election’ policy vide gadget notification number 211 of September 2nd, 2023. This is the need of the time. As desired, we offer our observations below............................click here to read further



Long and Short Range Missiles Offer Excellent

Business Prospects To Indian Industry

CA  A. K. Jain

In recent years, the global geopolitical landscape has seen a surge in demand for advanced defence technologies, particularly in the domain of missile systems. Military operations and war threats in Russia Ukraine, Israel Yemen, Lebanon, Syria, Iran, Taiwan, Pakistan and Korea are extremely heated markets for all kinds of warfare materials including all kinds of missile systems. ...........................click here to read further




USA Dollar's Governance Is Over ?


Two events in the past few weeks point to a change in the global balance of power. The first was the peace deal in Beijing between once sworn enemies Iran and Saudi Arabia, where China played peacemaker. Considering that Iran and Saudi Arabia have been at each other's throats for decades, this was quite a diplomatic achievement for Xi Jinping.

The second event was the recent meeting between Xi and Putin in Moscow. These two leaders have met one-on-one 40 times in the last ten years, which is a record for both. Putin says that Xi is the only world leader he has celebrated his birthday with, and calls him “his best and bosom friend”. ...........................click here to read further



Budget 2023 Overview


The Budget 2023 presented on 1st February 2023, indicates an extremely cautious approach of the Finance Minister, Ms. Nirmala Sitharaman’s towards balancing this critical phase of Indian economy.

Indian economy is facing multifaceted challenges due to soaring inflation and interest rates, post covid unemployment, rising debt burden &interest payments, international oil prices, growing borrowings, border tensions, falling rupee value, ethnic disturbances, frequent elections, deficit on current and capital account, corruption, banking frauds, black money, international uncertainties, internal law and order disturbances and high growth {GDP} expectations from fiscal governance. Further, the issues have become more complex due to lack of adaptiveness of contemporary and unconventional fiscal tools available within the country for additional non- tax resource mobilisation. In these circumstances, our finance minister can definitely be excused for playing safe in her position...........................click here to read further




Are Income Tax Raids Truly Treacherous & Terrifying?


Through this article, I intend to share my professional experience with regards to one of the most draconian and terrifying subject, commonly mentioned as income tax raids. In legislation, this word is referred as search and seizure. I am sure many of you have passed through this traumatic experience and some of you may be expecting this due to your appreciative business success and admirable financial acquisitions and achievements. If you think it is inevitable at some time in future, please do organise yourself so that, it’s not a surprise and you sail through smoothly. Although this can be discussed in details but for the sake of general over view, I will just share a few tips to familiarise you with the subject..................click here to read further




Case Laws - Benami Property


Dy. Commissioner of Income Tax vs M/s. Manpreet Estates LLP 26th March, 2019 Appellate Tribunal Smt. P. Leelavathi (D) by LRS Vs V. Shankarnarayana Rao (D) on 09 April, 2019 Supreme Court ...............click here to read further




FAQ's on Filing of MCA Form DPT-3


With Companies (Acceptance of Deposits), Amendment Rules, 2019, MCA introduced Form DPT-3 which mandates Filing of Details of Loan with ROC. Language of Companies (Acceptance of Deposits) Amendment Rules, 2019: Sub Rule 3 of Rule 16A : Every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to the date of publication of this notification in the Official Gazette, as specified in Form DPT-3 within ninety days from the date of said publication of this notification along with fee as provided in the Companies (Registration Offices and Fees) Rules, 2014.”.................click here to read further




Protect Your Software Rights
(Trademark / Patent / Copyright)





Software Patent Registration


Creators and inventors of software products have always strived to protect their intellectual property rights and obtain patent registration for software products. The rapid growth of the internet and fast increasing competition has further increased the demand for software patents in India. However, patenting of software was not allowed for a long time in India, due to restrictions in the patent laws of India. But to cope up with the demand, boost innovation and safeguard the rights of inventors, the Indian Patent Office has evolved detailed guidelines for patenting Computer Related Inventions (CRIs). In this article, we look at patentability of software and Computer Related Inventions in detail.............click here to read further




Buying A Property In Bank Auction




The traditional channels of searching real estate listings and working with real estate agents aren't the only ways to acquire a property. Experienced real estate investors often purchase properties at auctions. But auctions aren't limited to professionals; novices have purchased their homes at auctions, too

How Do Properties End Up at Auction?

The two main types of property auctions are foreclosure auctions and tax lien auctions. Before a property reaches this stage, several things have to happen.

First, the homeowner has to have not paid the mortgage for several months. Then, the bank files a notice of default with the county recorder. If the homeowner doesn't pay the balance owed or renegotiate the mortgage with the lender, the home can be put up for auction. The amount of time it takes from when the homeowner stops paying the mortgage to when the home ends up at auction varies, but can be anywhere from a few months to a year or more........click here to read further