This article offers a detailed examination of Section 87A of the Income Tax Act, 1961, including its requirements, calculations, and guidelines. It provides in-depth insights regarding the updates from the 2024-25 budget. Keep reading to understand how this rebate can help in reducing your tax liabilities. Understanding Income Tax Rebate: An Overview The Income Tax … Read more
This article has been updated to explain contingent contracts under the Indian Contract Act, 1872. It will cover the key components, advantages, disadvantages, and judicial rulings related to contingent contracts. Additionally, we will differentiate contingent contracts from wagering and conditional contracts. Introduction In legal terms, contracts encompass various forms of agreements as defined by the … Read more
In today’s fast-paced world, innovation is everywhere, and agriculture is no exception. Like how we protect creativity in other fields, it’s equally crucial to safeguard the innovations in agriculture. Intellectual Property Rights (IPR) do just that – they protect the rights of farmers and plant breeders, ensuring their hard work and ingenuity in developing new … Read more