Taxmann.com | Criminal Laws – Mobile App provides a platform for India's criminal laws, offering features to read, compare, and analyse the new (Bhartiya Nyaya Sanhita, Bhartiya Nagarik Suraksha Sanhita, Bhartiya Sakshya Adhiniyam) and old (Indian Penal Code, Code of Criminal Procedure, Indian Evidence Act) criminal laws. It facilitates seamless comparison of corresponding sections across old and new sections, enhancing understanding of legal evolution. Advanced search tools allow efficient navigation through legal materials, while integrated AI technology, LawBot, offers instant legal guidance and comparisons. The app is a comprehensive resource for legal professionals, scholars, and students, aiming to simplify and enrich legal research and education.

Download Taxmann.com | Criminal Laws – Available on App Store & Google Play

Table of Contents

1. Innovative Features for Enhanced Legal Research
2. A Step Forward in Legal Tech
3. About Taxmann.com

New Delhi, [14 April 2024] – Taxmann.com, a technology-oriented Publishing/Product company, is proud to announce the launch of its ground-breaking mobile application dedicated to India’s New Criminal Laws. Designed to serve legal professionals, scholars, the judiciary, police, and law students, the app is a comprehensive tool for reading, understanding, comparing, and analysing the nuances of India’s new and old criminal laws.

1. Innovative Features for Enhanced Legal Research

The mobile app introduces several key features aimed at simplifying the study and application of criminal laws:

• Bare Text Reading – Users can access the bare text of the new Bhartiya Nyaya Sanhita (BNS), Bhartiya Nagarik Suraksha Sanhita (BNSS), and Bhartiya Sakshya Adhiniyam (BSA), as well as the old Indian Penal Code (IPC), Code of Criminal Procedure (CrPC), and Indian Evidence Act (IEA), optimised for mobile viewing.
• Corresponding Sections Comparison – This unique feature allows users to directly compare specific sections across the new and old laws, offering insights into the legal transitions from historical to contemporary frameworks.
• Provisions Comparison – A comprehensive comparison between the new and old laws’ provisions and detailed analyses of changes are provided, enhancing understanding of legislative updates.
• Advanced Search Tools – Equipped with section-wise, chapter-wise, and subject-wise navigation options, the app facilitates efficient and targeted searches within the complex legal landscape.
• All About™ Criminal Laws – Integrating multiple layers of legal information, this feature offers a unified legal database, instant comparisons and analysis, in-depth commentary, and streamlined legal research, all in one platform.
• LawBot™ – Incorporating AI technology, LawBot delivers instant legal guidance and comparisons between new and old laws, ensuring users can access the latest legal insights.
• Detailed Commentary & Analysis – The app provides comprehensive section-wise commentary on new criminal laws, offering valuable perspectives on legal nuances and practical implications.

2. Criminal Laws Mobile App: A Step Forward in Legal Tech

“This mobile app represents a significant advancement in legal technology, providing an indispensable resource for anyone involved in the legal field,”

said Naveen Wadhwa, Vice President at Taxmann.com.

“We’re excited to offer a tool that facilitates understanding India’s criminal laws and streamlines legal research and analysis.”

The Taxmann.com Criminal Laws mobile app is now available, setting a new standard for legal research and education in India. Legal professionals and students alike are invited to download the app and explore its comprehensive features, which are designed to empower users with knowledge and insights into India’s legal system.

3. About Taxmann.com

Taxmann.com is a premier platform that provides comprehensive legal research in India. It is known for its powerful search engine, smart integration, and the All-About™ tool, which makes it easy for users to navigate and quickly find the information they need. The platform ensures that statutes are always updated and offers a vast database of case laws with headnotes alongside expert opinions and the latest news and updates. With its focus on accuracy, authenticity, and efficiency, Taxmann.com is an essential resource for professionals dealing with the legal landscape, simplifying legal research through its extensive and relevant document delivery system.

Dive Deeper:
[FAQs] Taxmann.com | Criminal Laws – Mobile App

The post [Launch Alert] Taxmann.com | Criminal Laws | Mobile App – Transition to the New Era of Criminal Laws [BNS | BNSS | BSA] appeared first on Taxmann Blog.

On 28-05-2022 Hon’ble Governor of Assam Prof. Jagdish Mukhi and Sister BK Shivani released a book on “Practical Guide to GST Compliances” at Pragjyotish ITA Complex, Machkhowa. The book is authored by CA D.S. Agarwala (Kolkata), CA Vikash Kumar Banka (Kolkata) and CA (Dr.) Ayush Saraf (Guwahati). The book is published by one of the most esteemed publishers in India namely Taxmann. The books was released in a program “Happiness Unlimited” organized by Lions Club of Guwahati Elite in which Sister B.K. Shivani deliberated on effective way of leading a better life.

The authors are highly experienced in the field of indirect taxation and litigation practice. The book is aimed to deal with all the critical issues that a common person dealing with the law faces and their possible solutions. The book has been written in a non-technical language to the extent possible so that even a common person can understand the solutions to their problems. The book is expected to go a long way in providing solutions to the common public, professionals and even the departmental officers in problems faced during the GST regime.

About the Book

The book aims to deal with all the critical issues that a common person who deals with the GST law faces and their possible solutions. The authors have incorporated as many problems as possible and their potential solutions and suggest a preventive, corrective, and defensive approach to tackle those problems. The book has been written in a non-technical language to the extent possible so that even a common person can understand the solutions to their problems. Reading this book will give a bird’s eye view of the GST law’s problems and probable solutions.

Since each issue cannot be framed in a question-answer format, in some issues, the book contains commentaries which give answers to many questions in one write up. Tabular formats have been used in the text to be easily understandable. The book is a blend of question-answers, commentaries, tabular presentations, and diagrammatic presentations, which gives a complete view and perspective on the law.

The Present Publication is the latest 2022 Edition, authored by CA D.S. Agarwala, CA Vikash Kumar Banka and CA (Dr.) Ayush Saraf. The law stated in this book is updated by the Finance Act 2022 and updated till 30^th April 2022, with the following noteworthy features:

• [Easy Understanding of ‘Supply to Return’ Cycle] including various types of supply such as:
  • Non-GST Supply
  • Taxable Supply
  • Non-Taxable Supply
  • Exempt Supply
  • Nil-Rated Supply
• [Explanation of Reverse Charge Mechanism] in the most straightforward possible manner
• [Determination of GST Rates] based on classification principles
• [Practical Issues & Suggestions] in the following cases:
  • Supply including the provisions and practical issues
  • Valuation includes various practical scenarios & solutions
  • Invoicing
  • Time of Supply
  • Input Tax Credit including a detailed and micro-level analysis
  • Registration includes a detailed commentary which consists of the mistakes committed, possible repercussions and solutions
  • Accounts and Records
  • Detention of Goods & Vehicles
  • Transfer of Business (due to death of the proprietor)
• [Standard Operating Procedures for Filing of Returns (GSTR-1 and GSTR-3B)] which covers a detailed procedure to be followed by every taxpayer and professional so that mistakes and errors may be minimised
• [Complete Guide to GST Refunds] with all provisions, including Circulars, Notifications, etc., in one place for each refund category
• [Two-way GST Accounting System] for effective monitoring of input tax credit and output liability
• [Standard Operating Procedures for Finalization of Accounts] focusing on topics such as:
  • Auditors’ Report
  • Directors’ Report
  • Notes to Accounts
  • Balance Sheet
  • Profit & Loss Account
  • Reporting GST transactions in Form 3CD
  • Assessing Form 26AS from the perspective of GST Law
• [Audit by GST Department] u/s 65 of the CGST Act, 2017
• [Defensive Measures] in case of departmental proceedings
• [MIS Reports Generated by GSTN] including practical suggestions
• [Tax Audit Report (Form 3CD) & Companies Audit Report] w.r.t. GST related transactions is included in this book

About Taxmann

Taxmann Alliance is the only publishing & product development company in India with complete backward and forward integration, right from the self-owned paper printing unit to in-house research and editorial team, and finally reaching the reader through its distribution network across India, along with a robust technology team that ensures delivery of the content in various digital formats.

Taxmann owes its success to its core strength – the Editorial and Research Division comprising of a highly motivated group of over 200 associates from the legal community (i.e., advocates, lawyers, chartered accountants, company secretaries) who monitor all the developments in the judicial, administrative and legislative fields and process the information with impeccable perfection, skill, and accuracy.

About the Authors

1. D.S. Agarwala

CA D.S. Agarwala is a practising chartered accountant and has over 30 years of experience in audit and taxation. He is also a fellow member of the Institute of Company Secretaries of India and DISA qualified. He is an empanelled faculty of the Institute of Chartered Accountants of India and was a special invitee to the GST & Indirect Taxes Committee of the ICAI for 2019-2020 and 2020-2021. In 2016, he was appointed convener of the West Bengal Study group on Indirect Taxes formed by ICAI to work closely on various issues related to GST. As a convener of the group and subsequently, he has contributed in the preparation of background materials on GST, FAQs and MCQs on GST, a revised technical guide on Annual Return and GST Audit and a guidance note on accounting treatment on GST. He was also invited as a faculty member to provide GST training to senior officers of the Commercial Tax Department of West Bengal. He is Sr. Vice-President and Advisor to GST & Indirect Tax Committee of DTPA. He has contributed extensively to various professional journals on service tax and GST. At various forums, he has addressed seminars, conferences, workshops, and study circle meetings on GST and service tax.

2. Vikash Kumar Banka

CA Vikash Kumar Banka is a practising chartered accountant. He has secured All India 31st rank in CA intermediate Exam held in May 1998. He has over 20 years of experience in audit, direct and indirect taxation, and his core expertise lies in analysing legal provisions from a practical perspective. He provides consultancy to various business houses on a wide range of issues and also handles their litigation matters. He also provides ERP/Accounting software implementation services in line with GST, as well as the implementation of newly introduced e-invoicing system. He was invited to be a faculty member for providing training to Audit team officers of Bihar Commercial Taxes. Before that, he was part of a GST training programme for senior officers of the Commercial Tax Department of West Bengal up to the level of Joint and Special Commissioners. He was a Special Invitee to the Kolkata Study Group formed by the Indirect Tax Committee of ICAI. He has actively contributed to preparing a Revised technical guide on GST Annual Return, Guidance Note on Accounting Treatment on GST and vetting of ‘Background material on GST’ and Guidance Note to Bank branch Audit. He has to his credit many write-ups and articles in various magazines and Tax Guru. He is a regular speaker on various GST related topics at different forums.

3. Ayush Saraf

CA (Dr.) Ayush Saraf is a practising-chartered accountant. He is also a qualified Company Secretary, Lawyer as well as DISA. He has vast experience in GST Matters, Audits and Income Tax and specialises in litigation work. He is an empanelled faculty of the Institute of Chartered Accountants of India to the GST & Indirect Taxes Committee of the ICAI. He is a doctorate and has submitted his thesis on ‘The Impact of Implementation of Ind AS in Financial Statements of Select Nifty Fifty Companies’. He also contributes articles on various issues related to the GST law in various forums. He is an eloquent speaker on GST Law on various forums. He is also a motivational speaker on various forums. He is the Vice-Chairman of the Guwahati Branch of the Institute of Chartered Accountants of India. He has acted as a guest faculty in various government and non-governmental organisations. He is a prominent face in local news channels over financial and taxation issues.

The post [Book Release] Practical Guide to GST Compliances appeared first on Taxmann Blog.

The Louis M. Brown and Forrest S. Mosten International Client Consultation Competition, 2022
(India National Rounds)
5th – 6th March, 2022

About the Brown Mosten International Client Consultation Competition

The Louis M. Brown and Forrest S. Mosten International Client Consultation Competition is an annual competition for the winners of national rounds of the competitions across the world. The 2022 International competition will be held in Online Mode between 19th-24th April 2022 and hosted by the Hillary Clinton School of Law at Swansea University, Wales. This competition provides an exciting opportunity for law students to learn and practice interviewing and counselling skills as well as to meet participants from an amazing range of nations and cultures. Over the last ten years, law students from more than 30 countries have taken part in this competition like: Australia, China, Croatia, England and Wales, Germany, Hong Kong, India, New Zealand, Russia, Sri Lanka, Switzerland, and the United States etc.

A Client Counselling Competition for law students was first established in 1969 by Louis M Brown. It was adopted by the American Bar Association in 1972 and the International Competition was inaugurated in 1985. The International Competition was named after Louis M Brown in 1993 and In May 2010, the competition’s name was subtly changed from “client counseling” to “client consultation”. The Competition is affiliated with the International Bar Association and collaborates closely with law societies and bar associations throughout the world.

About Hidayatullah National Law University, Raipur

Hidayatullah National Law University was established under the Hidayatullah National University of Law, Chhattisgarh, Act, (No. 10 of 2003). It is recognized by the University Grants Commission u/s 2(f) and 12(B) of the UGC Act, 1956 and also by the Bar Council of India u/s 7 (1) of the Advocates Act, 1961. HNLU is the first National Level Institute established in the new State of Chhattisgarh in the year 2003 and the sixth Law University in the country. HNLU has been ranked 5th in India Today Ranking 2021 and 51-100 on crisis management during COVID by the World’s Universities with Real Impact (WURI) Ranking 2021 and 201-300 among the innovative and emerging Universities by WURI and is set to scale new benchmarks in the years to come.

Hon’ble Mr. Justice Arup Kumar Goswami, Chief Justice, High Court of Chhattisgarh is the Chancellor of the University. Prof. (Dr.) V. C. Vivekanandan, former MHRD Chair Professor of IP Law at NALSAR University and also former Dean of the Rajiv Gandhi School of Law, IIT Kharagpur and School of Law, Bennett University is the Vice-Chancellor of the University. Prof. (Dr.) Uday Shankar is the Registrar of the University.

Hidayatullah National Law University, Raipur (HNLU) is hosting National Rounds of Louis M Brown and Forrest S Mosten International Client Consultation Competition, 2022 in Online Mode scheduled from 5th-6th March, 2022. The winning team of the national rounds would represent India in the Louis M. Brown and Forrest S. Mosten International Client Consultation Competition, 2022.

About National Rounds of the Competition

In National rounds, around 30-35 teams from leading law schools participate. There are two stages in the competition, viz. client interviewing and counselling; and post-interview and counselling stage, without client. The competition is judged on the basis of specific criteria like:

• Establishing the working atmosphere and professional approach
• Suggesting alternatives and allowing the client to make an informed choice etc.

The Competition simulates a law office consultation in which two law students, acting as lawyers (attorneys/solicitors/legal practitioners), are presented with a client matter. The participants conduct an interview with a person playing the role of the client.  Participants are expected to elicit the relevant information from the client, such as:

• Explore with the client his or her preferred outcome
• Outline the nature of the problem
• Present the client with a means (or range of alternatives, if appropriate) for resolving the problem.

The interview with the client is then followed by a post-consultation period during which the participants, in the absence of the client, analyze the interview and discuss the legal and other work to be undertaken. The interview and post-consultation period last a total of 35 minutes. The participants are evaluated by a panel of judges. The participants are evaluated against specific criteria that emphasize the use of listening, questioning, planning, and analytical skills in a lawyer/client interview. Once the judges have completed their evaluation of the interview, the participants are called back in and the judges provide a brief critique of the team’s handling of the consultation and post-consultation periods.

Rules and Regulations for the Event

1. Eligibility

• • Only Law Colleges/Universities recognized by the Bar Council of India are eligible to participate.
  • Only bonafide students pursuing LL.B. Three Year/Five Year Degree programmes in aforementioned institutions [refer 1.1], during the current academic year are eligible to participate.
  • Members of any winning team of the Louis M. Brown and Forrest S. Mosten International Client Consultation Competition are not allowed to re-enter the competition.

2. Composition of Teams

• • Each team shall consist of TWO participants.
  • Only ONE team is allowed per institution.

Registration

• • Participation is open for the teams that have successfully completed the application (by duly filling the registration form and making the payment) before the deadline on a first come first served basis.
  • Each Team shall make payment of Rs. 3000/- as Registration Fee for the competition on the following bank details:
    • Account Holder’s Name: Registrar, Hidayatullah National Law University, Raipur
    • Bank Name: IDBI Bank
    • Account No.: 1188102000000806
    • IFSC Code: IBKL0001188
    • MICR Code: 492259503
    • Branch Name – HNLU Campus Branch, Uparwara, Naya Raipur
    • Account Type – Current A/C
  • Teams are required to duly fill the registration form and upload the proof of payment along with the registration form through following link/QR code:

https://forms.gle/nWrNSWRNiUbDC1At6

• • The participating institution shall also send an email with Institution’s registration form at iccc2022@hnlu.ac.in through its MCC/ADR Committee or HOD/Dean/Registrar’s office via official email id confirming that the registered participants are bonafide students of the institution and are selected/nominated to represent the institution in the national rounds of the Louis M. Brown and Forrest S. Mosten International Client Consultation Competition, 2022.
  • After filling the registration form the team will receive an acknowledgement email after the verification of the details of registration form/attachments including the proof of the registration fee payment by the host institution.
  • After the last date of registration process, the team will be assigned a Team Code.

Important Dates

The post The Louis M.Brown and Forrest S.Mosten International Client Consultation Competition, 2022 appeared first on Taxmann Blog.

HNLU, in collaboration with Taxmann, is going to organise a two-day National Conference on Calibrating Corporate Governance in New Economy on 30th and 31st October 2021. The Conference aims to discuss and deliberate the themes like factors shaping and improving economic outcomes, national divergences in socio-economic development, Corporate Governance as a vital condition for growth and development etc. The technical sessions would be followed by the Round Table Discussions chaired by partners of reputed firms, academicians and other professionals. Apart from these aims, the conference also envisions to prepare a converging point for the Academicians, Judges, Researchers, Professionals, Practitioners and Students dealing with the domain.

The Conference also invites papers Academicians, Judicial Officers, Researchers,
Professionals, Practitioners, Students of law, commerce and management, and other stakeholders on the emerging issues. The selected papers would be published in the form of an edited e-book by Taxmann Publications with ISBN.

Commenting on the vision and varied dimensions of this event, Prof. (Dr.) V. C. Vivekanandan, the Vice-Chancellor of HNLU, remarked, “This conference by HNLU is designed to track the advancement and changes required in the new economy. The programme is a blend of academic enhancement as well as linking with practical insights from industrial practitioners. The content will be a great learning curve for students, academics and lawyers tracking corporate governance.

Know More about the Conference

The post HNLU and Taxmann Organises a Two-Day National Conference on “Calibrating Corporate Governance in New Economy” appeared first on Taxmann Blog.

Easy Shiksha writes about Taxmann’s Latest Finance Act 2021 Publications:

Read the Full Article Here: Taxmann launches books on Finance Act 2021 [1 Mins | Read Time]

The post Taxmann launches books on Finance Act 2021 appeared first on Taxmann Blog.

Naveen Wadhwa | DGM | Taxmann.com comments in moneycontrol.com

“to decide which income-tax regime to select, salaried employees must compute their taxes twice, first under existing or the old tax regime (after claiming all exemptions and deductions) and second under the new tax regime without claiming exemptions and deductions. “It’s best to do this in April itself, so that they can declare the preferred regime to the employer to deduct the tax accordingly…”

Read the Full Article Here – Tax tasks you must complete in April itself

The post Tax tasks you must complete in April itself appeared first on Taxmann Blog.

Taxmann’s author, Ravi Chhawchharia talks about his book on ‘Direct Tax Laws and International Taxation’ published by Taxmann in Asian News International (ANI) and Business Standard

“…The objective of this book is to provide a holistic approach to Direct Tax Laws & International Tax while testing the analytical skills of the reader. The book strives to achieve a fine balance between ‘detailed studies’ and ‘summarised approach’. It covers the entire new syllabus as prescribed by ICAI and the whole law of Income Tax written analytically and systematically. Detailed study of sections with hundreds of Practical questions-solutions and 600+ recent and landmark Judicial Decisions make this book a must-read on this subject…”

Read the Full Article Here on – ANI and Business Standard

The post Taxmann publishes CA Ravi Chhawchharia’s book on ‘Direct Tax Laws and International Taxation appeared first on Taxmann Blog.

CA Naveen Wadhwa | DGM | Taxmann.com, comments in @MoneyControl

“…ITR-1 shall not be available to a taxpayer in whose case the tax has been deducted on cash withdrawal under Section 194N. Further, return filing is also not allowed in ITR-1 or ITR-4 if the tax has been deferred in respect of ESOPs allotted by an eligible start-up…”

Read the Full Article Here: New income tax return forms for AY2021-22 notified; here are a few changes that matter

The post New income tax return forms for AY2021-22 notified; here are a few changes that matter appeared first on Taxmann Blog.

CA Naveen Wadhwa | DGM | Taxmann.com, comments in the Business Standard

“…One of the amendments carried out in the Finance Act, 2020, allowed to defer the payment of tax on Employees’ Stock Option (ESOPs) allotted by eligible start-ups. Subsequently, rules were amended to provide that these assesses will not be eligible to furnish their returns of income in ITR-1 and ITR-4. Corresponding changes have been made to these two forms…”

Read the Full Article Here: New ITR forms aligned with changes in Finance Act

The post New ITR forms aligned with changes in Finance Act appeared first on Taxmann Blog.

Naveen Wadhwa (DGM | Taxmann.com), said:

“…Profits and gains arising from the Units of Equity Oriented Funds shall be taxable under Section 112A. Such gains in excess of Rs 100,000 shall be taxable at the rate of 10% without indexation…”

“…However, in case the ULIP fund does not meet the equity MF criteria, the taxation will work like debt mutual funds. “Profits and gains from the units of non-equity funds (debt-based, money market, etc.) shall be taxable under Section 112 at the rate of 20% with indexation,” explained Wadhwa. As the non-equity investment portion will be considered as debt investment, the minimum holding period will have to 3 years in order for it to eligible for LTCG tax….”

Read the Full Article Here: ULIP taxation: The free switching among funds may go away with new amendment.

The post ULIP taxation: The free switching among funds may go away with new amendment appeared first on Taxmann Blog.