Daily Archives: November 20, 2015

No capital gains tax just because property docs not mutated in name of wife pursuant to family settlement

By | November 20, 2015

Summary of case :- The assessee had transferred the right over the subject property to his family members, i.e., mother and wife during assessment year 2002-03 itself which is quite evident from the order of the High Court blessing the family arrangement and the balance sheets as on 31-3-2002 of the assessee and family members,… Read More »

Highlights of Recommendations of 7th Pay Commission

By | November 20, 2015

Press release by Ministry of Finance of Govt of India on 19-November, 2015 Recommended Date of implementation: 01.01.2016 Minimum Pay: Based on the Aykroyd formula, the minimum pay in government is recommended to be set at ₹18,000 per month. Maximum Pay: ₹2,25,000 per month for Apex Scale and ₹2,50,000 per month for Cabinet Secretary and… Read More »