The Finance Bill 2012 which was passed by the Lok Sabha earlier in May 2012 has received the assent of the President. Thus, it has become the Finance Act, 2012 The Finance Bill 2012 had proposed retrospective changes to the income tax law to bring all indirect transfer of shares into the tax net.
The Public Gambling Act, 1867 also known as the "Gambling Act" is the primary law which governs gambling in India. However, the state legislatures, under the Constitution of India, are currentl More
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