Transaction of which Income tax department collect information

Discharge of Parties of a Negotiable Instrument and Cheque - Negotiable Instruments Act, 1881

Parties of a Negotiable Instrument may be discharged may be discharged in the following ways...

Dishonour of Cheque - Offences by Companies - Section 141 of Negotiable Instruments Act 1881

Section 141 of Negotiable Instruments Act 1881 expressly extends to corporate bodies, including partnerships, companies or other association of individuals...

Issue of Sweat Equity Shares - Section 79-A of Indian Companies Act, 1956

Section 79-A has been inserted to The Companies (Amendment) Act 1999 w.e.f from October 31, 1999 providing for the issue of Sweat Equity Shares

Liability of employees who act as Director - Lifting or Piercing corporate veil - Indian Companies Act 1956

Few years back officers of income tax department were conducting raid and searching for the address of a person who is Director of many companies. After long hours of search they reached in a slum and located the house...

Software Piracy and Law regarding software piracy - The Copyright Act 1957

Stealing something that did not belong to them is not imaginable to many people. But those who copy software without authorization are stealing someone else's property and they are breaking the law...

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