Section 194A – TDS on Interest Other than Interest on Securities
The various sections under the Income Tax Act, Section 194A is specifically distinct because it focuses on the Tax Deduction at Source (TDS) on interest income, excluding interest on securities. This section plays an essential role in ensuring that tax on interest income is collected at the source itself, thus preventing tax evasion. What is […]
ICICI Advantage Women Savings Account
women are pivotal in shaping society, personally and professionally. Recognising woman’s unique financial needs and aspirations, ICICI Bank proudly presents the ‘Advantage Woman Savings Account’. It is an exclusive offering designed to empower women. It is an exclusive offering designed to empower women and support their journey. Bank ICICI Bank Category Savings Account Minimum Balance […]
Return on capital employed (ROCE)
Return on capital employed (ROCE) is a financial statistic that may be used to analyze the profitability and capital efficiency of a firm. In other words, this ROCE ratio can assist in determining how successfully a firm generates profits from its capital when it is used. When evaluating a firm for investment, financial managers, stakeholders, […]
FEMA- Foreign Exchange Management Act,1999
Cross-border transactions call for stringent measures to be taken. Corporates have to go through a process that is cumbersome when it comes to cross-border transactions. An increase in the inbound and outbound process calls for an increase in the level of compliances. Foreign Exchange Management Act, 1999 (FEMA) was introduced to ensure smooth external transactions, […]
Higher Pension Scheme EPFO
The deadline for employers to process and upload wage details of applicant members under the higher EPS Pension Scheme has been extended by the EPFO to January 31, 2025. Despite multiple extensions, there are over 3.1 lakh pending applications for validation of options or joint options with employers. The EPFO has received numerous requests from […]
Reserve Bank of India (RBI) releases Payment System Report, December 2024
Total digital transactions grew at a CAGR of 45.9% over five years, with UPI leading at 74.03%: RBI Payment System Report The Reserve Bank of India (RBI) published the Payment System Report 2024 on January 27. • Payments form the backbone of any economic activity. They are increasingly being recognised as a means of achieving financial […]
Lok Adalat Information
The Lok Adalats are formed to fulfill the promise given by the preamble of the Indian Constitution– securing Justice – social, economic, and political of every citizen of India. Article 39A of the Constitution provides for free legal aid to the deprived and weaker sections of society and to promotes justice on the basis of equal […]
Section 101 – Right To Fair Compensation And Transparency In Land Acquisition, Rehabilitation And Resettlement Act, 2013
Return of unutilised land When any land, acquired under this Act remains unutilised for a period of five years from the date of taking over the possession, the same shall be returned to the original owner or owners or their legal heirs, as the case may be, or to the Land Bank of the appropriate […]
Guide to the MSME Act in India
MSMED Act in India was enacted to set up a policy environment for the promotion and development of the MSME sector. This act allows emerging businesses to enjoy the benefits of MSME centric government schemes and policies to boost growth and profitability. The MSMED Act was initially incorporated in 2006, but has undergone changes over […]
Income Tax for NRI : ITR, Exemption, Tax Liability, & more
The income tax regulations that apply to non-resident Indians differ from the laws and rules that apply to resident Indians. Non-resident Indians are required to pay taxes on all income and capital gains earned in India. The income tax for NRI differs from that for resident Indians. It is crucial to know that NRIs are […]
