Authored by: Adv. Prakash K. Pandya, Advocate and Mediator, Mumbai In a momentous decision, the Mediation Bill 2023 was ratified by the Rajya Sabha on August 1, 2023, swiftly followed by Lok Sabha approval on August 7, 2023. With the President's assent on September 15, this pivotal Bill transformed into the Mediation Act, 2023. Its … Continue reading Unlocking Mediation’s Potential: The Case for a Mandatory First Session →

Taxable service received by an exporter of goods from commission agent located outside India and engaged under a contract or agreement or any other document by the exporter in India, to act on behalf of the exporter, to cause sale of goods exported by him and used for export of goods was exempted, subject to … Continue reading Finance Bill 2015 – Union Budget 2015 – some of the proposals relating to Service Tax →

Income Tax: Individual and firm's tax rate structure remains same. Wealth tax replaced with surcharge of 2% on tax with annual income above Rs. 1 crore (10 million) Transport allowance increased from Rs.800 to 1600 per month Limit of deduction on health insurance premium: increased from Rs.15,000 to 25,000 and for Senior Citizens from Rs.25,000 … Continue reading SOME OF THE KEY HIGHLIGHTS OF THE UNION BUDGET 2015 →

The 253rd Report of Law Commission of India titled “Commercial Division and Commercial Appellate Division of High Courts and Commercial Courts Bill, 2015”. The Report,  inter-alia, recommends  the establishment of Commercial Courts, and Commercial Divisions and Commercial Appellate Divisions in the High Courts in order to ensure speedy disposal of high value commercial suits. To … Continue reading Commercial Division and Commercial Appellate Division of High Courts and Commercial Courts Bill, 2015 →