The substantive rights of the parties to an action are governed by the lex loci, i.e. the law of the place, where the right was acquired or the liability was incurred
Statutory Compliance Chart
Dec Service Tax
Payment 05 Dec– Excise Duty
Payment 07 Dec– TDS/TCS
Payment 10 Dec– Excise
Return 15 Dec– P. F.
Payment 15 Dec– Advance Tax
Payment 20 Dec– P.T. Payment 20 Dec– VAT Payment 21 Dec– E.S.I.C.
Taxes Grow Without Rain
Hello All,We are back again with the 2nd issue of our Newsletter. This issue offers a fair balance of news updates and articles of topical interest, keeping in mind the diverse range of readers that the Newsletter is aimed at.
Also look for an invite from one of our Business Associates “Write Concepts” who is conducting a Professional
Writing Workshop on this Saturday, 12th December, 2009.
Parliament clears Workmen Compensation Bill
The Parliament has passed the Workmen’s Compensation (Amendment) Bill, 2009, that aims to enhance the compensation package for employees, with its approval by the Rajya Sabha. Under the amended provisions, employees, whether contract or casual, and their dependents would get relief in case of accidents causing either death or disablement during the course of their employment.
Expats can take home their entire salary now
Expats, who are working in India, will now be able to take home 100% of their salary following a change in rules to this effect by the RBI. This would benefit sectors such as aviation, telecom, infrastructure that employs a large number of expats, making it easier for them to attract foreign talent where needed.
Total disability’ if worker cannot carry out his job – Supreme Court judgment
Under the Workmen’s Compensation Act, if an employee is permanently disabled due to an injury at workplace, it would be called ‘total disability’ and the insurance company should compensate according to that criterion.
Consumer courts cannot entertain phone bill disputes
The Supreme Court has held that consumer courts cannot entertain disputes relating to non-payment of telephone bill under the Consumer Protection (CP) Act.
Real Time Gross Settlement System (RTGS)
Real Time Gross Settlement System (RTGS) is a fund transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis.
Proposed GST System in India
As part of the ongoing tax reforms, India is gearing up to introduce an integrated Goods & Service Tax system (GST) which is likely to happen in the next fiscal i.e. 10-11. Lex Valorem team sincerely thanks Mr. S. M. Kulkarni, a renowned indirect tax expert and Convener of the Finance & Taxation Panel, CII (Western Region) for sharing his thoughts on this most happening topic.
Writing Workshop for Professionals
One of our business associates ‘Write-Concepts’ is conducting a One-Day Workshop on improving professional writing skills covering project reports, emails and presentations Download Brochure
Download Registration Form
contents of this News Letter are only a summary and has not
dealt with any issue in detail. Any action taken or proposed
to be taken must be in consultation with professionals and
not merely based on the articles / news updates. Lex Valorem
disclaims all liability on action taken without professional