Related party transactions, as defined by the Companies Act 2013, involve business dealings between a company and its affiliated entities or individuals. These transactions can raise worries about conflicts of interest and have significant financial implications for the company. The term related-party transaction refers to a deal or arrangement made between two parties who are joined by […]
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Short title, extent and commencement (1) This Act may be called the Limitation Act, 1963. (2) It extends to the whole of India [***]. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
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In India, fixed deposit is one of the most popular investment options that help individuals to generate a fixed stream of income without exposing the capital to market fluctuations. The fact that interest accrued on fixed deposits comes under the purview of the Income Tax Act of India 1961 makes it liable for taxation. The
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