Section 5 – Wealth-Tax Act, 1957
Exemptions in respect of certain assets Wealth-tax shall not be payable by an assessee in respect of the following assets], and such assets shall not be included in the net wealth of the assessee— (i) any property held by him under trust or other legal obligation for any public purpose of a charitable or […]
Section 4 – Wealth-Tax Act, 1957
Net wealth to include certain assets In computing the net wealth— (a) of an individual, there shall be included, as belonging to that individual, the value of assets which on the valuation date are held—] 66[(i) by the spouse of such individual to whom such assets have been transferred by the individual, directly […]
Tamil Nadu Drug License
In India, every business must hold a specific license for its operations. The Drug License is a legal authorization from the Government, necessary for businesses dealing with drugs and cosmetics. It is region and location-specific, requiring distinct licenses for operations spanning multiple states or locations. The Drug License encompasses permissions for both drug manufacturing and […]
Philips Lighting Franchise
Philips India Limited, a subsidiary of the Netherlands-based Royal Philips, is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. Philips Light Lounge is an exclusive showroom of Home Decorative Lighting or Fancy Lighting collection from Philips. This is the only exclusive retail face of Philips, who is the market […]
Section 3 – Wealth-Tax Act, 1957
Charge of wealth-tax Subject to the other provisions contained in this Act], there shall be charged for every 60[assessment year] commencing on and from the first day of April, 1957 61[but before the first day of April, 1993], a tax (hereinafter referred to as wealth-tax) in respect of the net wealth on the corresponding valuation date of […]
YES Bank Current Account
YES Bank Current Account is a type of demand deposit account that fulfills all the banking and financial needs of individuals. The account allows smooth withdrawal and transfer of funds and limitless transactions on the part of an individual. One can open a YES Bank Current Account online or via visiting the nearest bank branch. […]
Section 2 – Wealth-Tax Act, 1957
Definitions In this Act, unless the context otherwise requires,— (a) 2[***] 3[(b) “Appellate Tribunal” means the Appellate Tribunal constituted under section 252 of the Income-tax Act ; (c) “assessee” means a person by whom wealth-tax or any other sum of money is payable under this Act, and includes— (i) every person […]
Ministry of MSMEs Launches MSME Trade Enablement and Marketing (TEAM) Initiative
The programme aims to onboard 5 lakh MSMEs onto the Open Network for Digital Commerce (ONDC), fostering greater inclusivity by targeting 50% women-led enterprises. he Ministry of Micro, Small, and Medium Enterprises (MSME) has launched the MSME Trade Enablement and Marketing (TEAM) initiative to empower small businesses in adopting digital commerce. With a sanctioned budget […]
Financial Assistance For The Marriage Of Daughters Of Poor Widows And Orphan Girls
Many state governments in India have introduced marriage assistance schemes that provide financial assistance for the marriage of poor girls, orphans or widows. The marriage assistance schemes are social welfare schemes that help the marriage of poor girls and encourage widow remarriage.The scheme of “Financial Assistance for the Marriage of Daughters of Poor Widows and […]
NCCS, New Consumer Classification System
The New Consumer Classification System (NCCS) is a modern framework used in India to classify consumers based on their economic status. It replaces the older SEC (Socio-Economic Classification) system and is widely used in market research, advertising, and consumer studies. Key Aspects of NCCS Developed by: Market Research Society of India (MRSI) and Media Research […]
