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  APPLICATION UNDER ORDER 37 RULE 1, C. P. C. — SUIT FOR RECOVERY OF AMOUNT BASED ON A NEGOTIABLE INSTRUMENT (Under Order 37 Rule 1 C. P. C. ) IN THE COURT OF THE.................... Suit No..................... of 19.................... Under Order 37 Rule 1 C. P. C.................................... C. D................................................................... Plaintiff versus C. F................................................................ Defendant The plaintiff abovenamed, states as follows: 1. That the defendant purchased clothes for the marriage of his son, on .................... from the shop of the plaintiff for Rs...................... details of which is given in the Schedule annexed hereto, and paid the consideration amount therefor through a Payee’s Account cheque N.................. dated, drawn on................... Bank. 2. That the plaintiff presented the cheque aforesaid to the Bank through his bank, and on.................... 1...

In a relief to tax payers, the Central government today extended the deadline for filing income-tax returns (ITR) for the 2018-19 fiscal by a month till July 31, 2020. The Centre has also extended the time limit for linking Aadhaar card with PAN card till March 31, 2021. In the wake of coronavirus pandemic, the Central government earlier extended the deadline for filing income tax returns (ITR) for FY2019-20 to November 30, 2020. The Central Board of Direct Taxes (CBDT) through a notification also extended the time limit for making various investments and claiming deductions under the I-T Act for the 2019-20 fiscal by a month till July 31, 2020. Further:- In a massive relief for taxpayers, the Central Board of Direct Taxation (CBDT) has extended the various time limits under direct tax and 'Benami' laws. As per the statement issued by CBDT, salaried individuals will now be able to file their income tax return till November 30, 2020. Similarly, small and medium taxpayers with up...

If you also find it difficult to repay your loans, you may need to tweak your approach. Here are some strategies that can help you manage your debt situation better.In an ideal world, everybody would have enough money for all his needs. In reality, many of us have little option but to borrow to meet our goals, both real and imagined. For banks and NBFCs, the yawning gap between reality and aspirations is a tremendous opportunity. They are carpet bombing potential customers with loan offers through emails, SMSs and phone calls. Some promise low rates, others offer quick disbursal and easy processes. 1. DON’T BORROW MORE THAN YOU CAN REPAY 2. KEEP TENURE AS SHORT AS POSSIBLE 3. ENSURE TIMELY AND REGULAR REPAYMENT 4. DON’T BORROW TO SPLURGE OR INVEST 5. TAKE INSURANCE WITH BIG-TICKET LOANS 6. KEEP SHOPPING FOR BETTER RATES 7. UNDERSTAND THE FINE PRINT 8. SUBSTITUTE HIGH COST LOANS 9. DON’T NIX RETIREMENT BY AVOIDING LOANS 10. KEEP SPOUSE, FAMILY IN LOOP ABOUT LOAN ...

Pre-GST Tax Law on Pharmaceutical Products The average VAT rate for most of the pharmaceutical products was around 5% and for the formulations was 9%. The excise duty charged on pharma products was 12.5%. To be fair though, the government provided relief on excise to pharmaceutical product manufacturers by introducing excise-free manufacturing zones. Prior to the introduction of excise-free manufacturing zones, 40% of the pharmaceutical product manufacturers were located in Gujarat. Excise-free zones were a crucial step in providing relief to small manufacturers in remote places to be competitive in the national market. Manufacturers operating from excise-free manufacturing zones had to pay excise at the rate of 1.5% in comparison to the 12.5% from every other manufacturer of pharmaceutical products. In most of the states, the VAT on the pharmaceutical products was charged on the maximum retail price and was charged at a single point. Therefore, the distribution channel did not pay any...

LONDON: Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after Opec producers and allies promised to meet supply cuts and on signs of demand, hit by the coronavirus crisis, recovering. Iraq and Kazakhstan, during a meeting of an Opec+ panel on Thursday pledged to comply better with oil cuts, sources said. This means curbs by the Organization of Petroleum Exporting Countries and allies, known as Opec+, could deepen in July. There is enthusiasm in the market that oil supply is still under control," said Paola Rodriguez Masiu, an analyst at Rystad Energy. "A positive Opec+ meeting does that and yesterday's session helped renew confidence." Brent crude was up $1.00, or 2.4 percent, at $42.51 by 1332 GMT after hitting $42.89, its highest since June 8. US West Texas Intermediate (WTI) crude climbed $1.32, or 3.4 percent, to $40.16. "The key takeaway is that Opec+ compliance will improve in the coming months," sa...

Chinese stake in the Indian economy is growing through investments, particularly in the technology sector. Indian export to China has outpaced imports but trade imbalance is still huge. An analysis of how deep Chinese money has penetrated in India. following the bloodiest clash with China in 45 years, reports suggest that the government would retaliate not only along the Line of Control (LAC) but also in the field of economy. The border question is complex, but the economic one is even more complicated. Since the 2008 global meltdown, China has seen a sharp rise in its economic prowess helped by a corresponding decline in the US's money power largely on account of its engagement in counter-terror-cum-geostrategic wars in the Middle East and AfPak regions. Almost every country of the world has deepened its engagement with China in recent years. Being a major emerging global power, India too has done the same. Chinese investments in a country come through direct, routed, and corporat...