Section 9A – Wealth-Tax Act, 1957
Commissioners of Wealth-tax (Appeals) Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
January 2025
SBI Tax Saving Fixed Deposit Scheme-FD
The Tax Saving Fixed Deposit of SBI allows individuals to earn a competitive rate of interest on lump-sum contributions while simultaneously providing tax benefits under Section 80C of the Income Tax Act. This type of fixed deposit comes with a lock-in period of five years with a maximum investment amount upto Rs.1.5 lakhs. The post
Rectification of order/ intimation under Income Tax
Once you file an income tax return, the income tax department processes it and sends an intimation. The intimation contains details of the return you submitted and the department’s numbers. If there is a mismatch, i.e. a demand or higher refund than what you had claimed in the return, you can do the following: File a rectification
Section 9 – Wealth-Tax Act, 1957
Control of wealth-tax authorities Section 118 of the Income-tax Act and any notification issued thereunder shall apply in relation to the control of wealth-tax authorities as they apply in relation to the control of the corresponding income-tax authorities, except to the extent to which the Board may, by notification in the Official Gazette, otherwise direct
Discharge of Contract
The term discharge of contract means ending of the contractual relationship between the parties. A contract is said to have been discharged when it ceases to operate i.e. when the rights and obligations created by the parties came to an end. A contract can be discharged if the parties mutually agree to terminate the contract.
Delhi Arogya Nidhi-DAN
The “Delhi Arogya Nidhi (DAN)” is a scheme implemented by the Directorate General of Health Services to provide financial assistance of up to ₹1.5 lacs to needy patients who have National Food Security Cards for treatment of diseases in Government hospitals only. Delhi Arogya Nidhi (DAN) is a health assistance scheme launched by the Delhi
STICKINESS RATIO
Product Stickiness is a user engagement metric used to measure the product of a company’s effectiveness at improving customer retention and churn, which ties into recurring revenue. Conceptually, product stickiness is contingent on the perceived value of a product offering being deemed sufficient, or exceed expectations, from the perspective of a company’s target customer base. The
ELSS Funds
Investors look for investment opportunities that can help them generate wealth, get regular returns, and/or save taxes. While there are numerous investment schemes available in the market, most of them offer returns that are taxed according to the Income Tax rules. This is where ELSS funds step in. Equity Linked Savings Schemes or ELSS mutual
GST Registration Cancellation
Cancellation of GST registration simply means that the taxpayer will not be a GST registered person anymore. He will not have to pay or collect GST or claim the input tax credit and accordingly, need not file GST returns. Cancellation of GST registration denotes that the individual or entity is no longer recognized as a
Stock Keeping Unit SKU
Pronounced as sku and a short form for Stock Keeping Unit, SKU is used by retailers to identify and track their inventory or stock. SKU is a unique code consisting of alphabets and numbers that identifies the characteristics of each product such as the manufacturer, brand, style, size and colour. Companies usually issue their own SKU
