anand law classes

  What is PREVIOUS YEAR [SEC.3]   For the purpose of this Act ‘Previous Year’ means the financial year immediately preceding the Assessment Year. Income earned in a year is assessed in the next year. The year in which income is earned is known as Previous Year and the next year in which income is assessed is known as Assessment Year. It is mandatory for all assessee to follow financial year (from 1st April to 31st March) as previous year for Income-Tax purpose. Financial Year According to sec. 2(21) of the General Clauses Act, 1897, a Financial Year means the year commencing on the 1st day of April. Hence, it is a period of 12 months starting from 1st April and ending on 31st March of the next year. It plays a dual role i.e. Assessment Year as well as Previous Year. Example: Financial year 2020-21 is –   • Assessment year for the Previous Year 2019-20; and   • Previous Year for the Assessment Year 2021-22. What is Financial year A Financial year (FY) is a period   between 1

  Q. (a) Discuss the law relating to hearing and deciding of claims arising out of unauthorized deduction from the wages and the mode of their recovery under the Act. (b) To which authority can an application for claims relating to Payment of wages be made under the Payment of wages Act? Describe briefly the procedure for making application and hearing by such authority? (c) Discuss the provisions regarding an appeal against order of authority under the Payment of Wages Act, 1936. (d) What remedy is available to an employed person in case of unauthorized deduction? Authorities to hear the claims Section 15 empowers the state government to appoint an authority for the purpose of this act. Every authority shall be deemed to be a public servant within the meaning of the Indian Penal Code, 1860 [Section 14(5)]. Following persons are qualified for being appointed as an authority under the Act:- (1)    A presiding officer of any Labour Court or Industrial Tribunal constituted und

  Q. (a) Define deductions and enumerate deductions which can be lawfully made from the wages under the Payment of Wages Act, 1936. (b) What deductions can be made by the employer from the wages under the Payment of Wages Act, 1936. What is deduction:- The provision of Section 7 is mandatory in nature which states that the wages of an employed person shall be made to him without any deductions of any kind except those are authorized by or under this Act. Every payment made by the employed person to the employer or his agent shall be deemed to be deduction for the purpose of the Act. But any loss of wages resulting from the following impositions shall not be deemed to be deductions, namely: Deduction which may be made from wages  At the time of payment of the salary to personnel, the business enterprises should make deductions in step with this act simplest. The employer should no longer make deductions as he likes. Every quantity paid by the employee to his enterprise is refer