People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below the taxable limit. Section 206 AA of the Income-Tax Act, which became effective from assessment year 2010-11, makes it mandatory for every person to furnish PAN in their transactions with...

With the elderly likely to constitute a quarter of India's population by 2050, there is need for a publicly-funded, universal scheme that will overcome destitution among the aged India's social security system is woefully inadequate, when compared even to those in third world economies with no higher per capita incomes. Some States in India have fairly comprehensive social security schemes — notably Kerala, also West Bengal and Tamil Nadu — but...

In an unprecedented action, the Supreme Court on Thursday asked the government to inquire into allegations of corruption and misconduct levelled against former CJI and present NHRC chief K G Balakrishnan. A bench of Justice B S Chauhan and Justice J S Khehar said "the competent" authority in the government would conduct a detailed inquiry into the complaint against him by Committee for Judicial Accountability. The committee had alleged that Justice Balakrishnan's...

-The Telegraph Ashok Chavan, who had to quit as Maharashtra chief minister after being named in the Adarsh housing scam, faces money-laundering charges in the same case. The Enforcement Directorate has registered an enforcement case information report (ECIR) against Chavan and 13 others, stating that prima facie an offence could be constituted under Section 3 of the Prevention of Money Laundering Act. The ECIR stated that the accused persons, who had obtained clearance...

PROFESSOR Shamnad Basheer joined the National University of Juridical Sciences (NUJS), Kolkata, in November 2008 as the first Ministry of Human Resource Development Chaired Professor in Intellectual Property Law. Before this, he was Frank H. Marks Visiting Associate Professor of Intellectual Property Law at the George Washington University law school and a research associate at the Oxford Intellectual Property Research Centre (OIPRC).  He is the founder of several initiatives, including...