Understanding the Various Types of Customs Duty: An Overview
Introduction
Customs duty is a tax that governments impose on imported goods. This tax is typically based on the value of the goods or on...
Exploring Different Types of Company Structures: Which One is Right for Your Business?
Introduction
When starting a business, one of the first decisions to make is what type of company to form. Each type of company has different...
Maximizing Tax Savings: A Guide to Claiming Tuition Fees under Section 80C
Introduction
Section 80C of the Indian Income Tax Act, 1961, provides tax benefits for various investments and expenses, including tuition fees paid for the education...
Transferring Shares: What You Need to Know
If you're a shareholder in a company, you may decide to transfer your shares for a variety of reasons. Perhaps you need to liquidate...
What is a Succession Certificate and Why is it Important
When a person passes away, their property and assets must be distributed among their legal heirs according to the laws of inheritance. However, in...
Exploring the Risks and Rewards of Speculative Business Ventures
Speculative business is a term used to describe a type of entrepreneurial venture that involves a higher level of risk than typical business ventures....
Empowering Local Communities: The Importance of Small Scale Industries
Small-scale industries (SSI) are an essential part of any economy, providing a vital contribution to local employment and economic growth. These businesses are characterized...
Understanding Single-Entry System: Advantages, Disadvantages, and Types
Single Entry System: An Overview
The single-entry system, also known as the incomplete record system, is an accounting method that is simpler than the double-entry...
Understanding SFT Transactions: Benefits, Risks, and Regulatory Considerations
SFT, or Securities Financing Transactions, refers to a wide range of financial transactions that involve the temporary exchange of securities for cash or other...
Understanding Section 89 of the Income Tax Act: Relief for Salary and Pension Arrears
Section 89 of the Income Tax Act, of 1961 provides relief to taxpayers who have received arrears of salary or pension. This section allows...