Messages

In the year of the death section 159 will comes into existence and along with it section 168 comes into existence if property is not distributed to legal heirs

Within three months of her appointment, the executor must give the probate court an inventory of the estate's finances. The inventory identifies all property and assets of the estate at the time of death.

TA 631/2017, dated 28/8/17. Gautam Jhaveri GUJ H C

Held, Past penalty by SEBi has no relevance to evidence on record for year under consideration.

R K Patel

I remember Jordan Belfort by seeing this.Penny stocks are so much volatile.

There is no prohibition under Income Tax Act upon cross gifting thus it can also be used as measure for cash deposits made during  demonetization period.

As the said currency notes ceased to be a legal tender which made it obvious that no transaction in the demonetized currency notes can take place after the effective date of demonetization.

The answer to the question whether a transaction in the demonetized currency done by a party after the effective date of demonetization can be considered as a benami transaction or not, will depend upon the transaction and the intention of the parties.