November 2024

India’s Finance Minister highlights Global South’s role in shaping MultilateralDevelopment Banks

India’s Finance Minister highlights Global South’s role in shaping Multilateral Development Banks

Union Finance Minister Nirmala Sitharaman highlighted the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference and emphasized on embedding diverse voices in decision-making to ensure a truly inclusive and global development framework. Finance Minister noted the pivotal contributions of the Global South to the foundations of Multilateral […]

Rural Entrepreneurship Development Program

Rural Entrepreneurship Development Program

Establishing businesses is important for a country’s progress as it augments economic and employment growth. State and central governments are continuously launching new and attractive schemes to encourage their citizens to come up with innovative business ideas. Setting up an enterprise depends on one’s capacity, which differs from person to person. If the enterprise must

Excise Tax

excise duty

Taxation plays a vital role in the economy and makes a significant contribution to it. In India, the tax structure encompasses different types of taxes and duties like excise duty. To streamline the process of paying taxes and claiming returns, it is essential for individuals whose income comes under a taxable bracket to become familiar with

Is GST Applicable on Reimbursement

Is GST Applicable on Reimbursement

Travel expense is an unavoidable element of conducting business in today’s globalized world. Employees frequently travel to different places to attend meetings, conferences, training sessions, or fulfill various professional duties. These costs typically include transportation, lodging, meals, and other incidental expenses. Employers usually establish reimbursement policies to offset these costs and allow employees to recover

Gujarat Property

gujarat property registration

Land registration in Gujarat offers several benefits, including legal protection, proof of ownership, and access to government services such as property tax payment and property transfer.  In Gujarat, the stamp duty for land registration varies based on the location and type of land. The stamp duty is generally 5% of the property value for urban

Income Tax Rebate Under Section 87A

Income Tax Rebate Under Section 87A

The income tax rebate under Section 87A provides some relief to the taxpayers who fall under the tax category of 10%. Any individual whose annual net income does not exceed Rs.5 Lakh qualifies to claim tax rebate under Section 87A of the Income Tax Act, 1961. This implies an individual can get a rebate on the tax

Kanyashree Prakalpa

Kanyashree Prakalpa

Kanyashree Prakalpa seeks to improve the status and well-being of girls, specifically those from socio-economically disadvantaged families through Conditional Cash Transfers by:Incentivizing them to continue in education for a longer period, and complete secondary or higher secondary education, or equivalent in technical or vocational steams, thereby giving them a better footing in both the economic

Duplicate PAN Card

duplicate pan card

Every PAN allotted by the Income Tax Department is valid for a lifetime. There are instances where one can lose the PAN Card, or it can even be stolen, and in certain situations, it could be damaged. In such cases, the Income Tax Department issues a duplicate PAN Card on request.  When a request for

Infrastructure Investment Trust (InvIT)

Infrastructure Investment Trust (InvIT)

Infrastructure Investment Trust (InvITs full form), their units are listed on different trading platforms like stock exchanges and are a wholesome combination of both equity and debt instruments. The primary objective of InvITs is to promote the infrastructure sector of India by encouraging more individuals to invest in it which can be modified according to a given

Visa Expense Reimbursement Scheme for Rajasthan Construction Workers for Employment Abroad

Visa Expense Reimbursement Scheme for Rajasthan Construction Workers for Employment Abroad

This scheme, launched by the Rajasthan Government’s Labor Department, is designed to alleviate the financial burden of visa expenses for construction workers seeking employment abroad. By reimbursing these costs, the scheme aims to encourage construction workers to pursue overseas employment opportunities and contribute to the state’s economy through foreign remittances. About Construction workers go abroad