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So far indianlaw has created 94 blog entries.

How do I Calculate Income Tax on Salary?

Example for Calculating Income Tax from Salary: Let's take the example of Mr. A who is a CA and his Gross Salary is Rs.80,450, which includes: Basic= 50000 + HRA=20000 + Travel allowance=1000 + Child's educational allowance=200 + Medical allowance=1250 + other allowance=8000 The deductions allowed will be Travel allowance=1000 + Child's educational allowance=200 + [...]

By | December 28th, 2016|Revenue|Comments Off on How do I Calculate Income Tax on Salary?

Precautions You Should Take While Preparing Property Documents

Document writing is a professional's job which requires expertise and thorough diligence. Whether you are a buyer or a seller,  it is important to take precautions while framing a property document. Indian Law Firm tells you what precautions to take while drafting property documents. Thoroughly check the particulars of the parties The names of the [...]

By | December 28th, 2016|Property/Rent|Comments Off on Precautions You Should Take While Preparing Property Documents

A Month After Demonetisation, Real Estate Has Many Positives To Look Forward To

The strategic decision to scrap high denomination currency notes to tackle corruption has given mixed results in its first month. While banks have started facing a cash crunch, there have been big hauls of 'black money' by tax sleuths. The real estate sector's reaction has been subdued. A month has passed and the real estate [...]

By | December 27th, 2016|Property/Rent|Comments Off on A Month After Demonetisation, Real Estate Has Many Positives To Look Forward To

Selling property? Expect a letter from the income tax department

When you sell a property next time, expect a letter from the Income-Tax (I-T) department, asking you to explain when you acquired it and the source of funds. This could be one of the ways the government could zero in on benami property holders. Lawyers say that earlier it was usual practice by the department [...]

By | December 27th, 2016|Property/Rent|Comments Off on Selling property? Expect a letter from the income tax department

GST Council: Draft law cleared, but dual-control still not done

With the sharing of administrative powers a tough nut to crack, the Goods and Services Tax (GST) Council comprising the Centre and states on Thursday sidestepped it and devoted productive time to make the principal Bill of 195 sections, defining the comprehensive indirect tax, foolproof and ready for tabling in Parliament and state assemblies. If [...]

By | December 26th, 2016|Revenue|Comments Off on GST Council: Draft law cleared, but dual-control still not done

A Guide For NRIs To Transfer Money To Buy Property In India

While investing in India, Non-Resident Indians (NRIs) prefer real estate when compared to other asset classes. To attract more such investments in the country, the Narendra Modi-led government had recently made it easier for NRIs to invest in Indian real estate. For instance, non-reptariable investments of NRIs in India is now considered a domestic investment. [...]

By | December 26th, 2016|Revenue|Comments Off on A Guide For NRIs To Transfer Money To Buy Property In India

Startup investing: India final frontier, says Deep Nishar, Softbank MD

At a time when funding in Indian start-ups is drying up, SoftBank Group MD Deep Nishar feels “India is the final frontier for investing”. Nishar, who was speaking at the TiE Global Summit in Delhi on Friday, observed that as far as investors are concerned Indian internet business will not witness any exit in the [...]

By | December 26th, 2016|Revenue|Comments Off on Startup investing: India final frontier, says Deep Nishar, Softbank MD

How To Get Your Share In Ancestral Property?

Recently, the Delhi High Court had ruled that an adult son had no legal right to stay in his parents' self-acquired property. "Where the house is self-acquired by the parents, the son... can live only at the mercy of his parents up to the time they allow it," said the order. *** Under the Hindu [...]

By | December 25th, 2016|Property/Rent|Comments Off on How To Get Your Share In Ancestral Property?

10 legal tips for startups

1.​ Choosing the right legal structure for your startup Choosing an appropriate legal structure is one of the most crucial decisions for any startup. The decision should be taken based on individual circumstances and a host of factors such as nature/sector of business operation, business trajectory, regulatory and tax considerations, costs of formation and ongoing administration, [...]

By | December 24th, 2016|Commercial Law|Comments Off on 10 legal tips for startups

Note Ban Impact on real estate

Little did I know I would soon be soon cured of my illness as soon as the Prime Minister drops the demonetisation word, when I informed my office I was unwell and not coming to office on November 8. However, when a sudden volley of questions and conjectures from my friends on social media platforms, especially [...]

By | December 24th, 2016|Property/Rent|Comments Off on Note Ban Impact on real estate