Fire insurance is a specialized form of property insurance that provides coverage against damages caused by fire and allied perils. The policyholder pays a premium to the insurance company, and in return, the insurer promises to compensate for financial losses arising from fire-related damages. Fire insurance policies not only protect against direct damage from fire but […]
Audit under GST involves examination of records, returns and other documents maintained by a GST registered person. It also ensures correctness of turnover declared, taxes paid, refund claimed, input tax credit availed and assess other such compliances under GST Act to be checked by an authorised expert. GST is a trust-based taxation regime wherein a taxpayer
The world changes constantly, and so does India’s trade policy to grab chances and meet needs. The Foreign Trade Policy (FTP) of a country is a comprehensive set of guidelines and strategies formulated by the government to regulate and promote international trade, including imports and exports. The aim is to enhance economic growth, create employment,
Runway is the amount of time, in months, a business has before it runs out of cash. For companies growing through venture capital, it’s an at-a-glance metric that shows the number of months you have left before your cash balance hits $0. While you may see people talking about different types of cash runway — company cash, team cash, and founder cash What does Cash Runway
A cancelled cheque is a cheque that has already been paid by the bank and is marked with the word ‘CANCELLED,’ indicating that it is no longer valid for making payments. This marking is typically written across its face between two parallel lines. What is a Cancelled Cheque? A cancelled cheque is a financial tool, notated by
It will be a central depository or database of all mobile phones connected to networks across India. Every mobile network provider in India has an Equipment Identity Register (EIR), or a database of the phones connected to its network. These EIRs will now share information with a single central database, i.e CEIR. CEIR will have information on the
Cash Credit is short-term funding or loan for a company to meet its working capital requirements. Bank offers loans to an enterprise depending on its credit history and financial stability. Funding procured from cash credit loans can be used for various business purposes, such as business expansion, buying plant and machinery, purchasing raw materials, enhancing
India aims for a threefold increase in its textile exports to ₹9 lakh crore by 2030, Prime Minister Narendra Modi said on Sunday, hoping that the target can be achieved even earlier with the vision of “Five Fs” and new $7.5 billion worth of global opportunities in recycling of textile waste. “Our textile exports have reached ₹3 lakh crore.
E-GRAS, or the Electronic Government Receipts Accounting System, is an online platform developed by various state governments in India to facilitate the payment of government taxes and other dues electronically. It eliminates the need to visit physical offices or banks, making the process faster, more transparent, and convenient for individuals and businesses alike. What is
ITR U or Updated Income Tax Return form is a rescue for those who have not filed their ITR or missed or incorrectly reported income in previous returns. ITR-U is a form that allows taxpayers to correct errors or omissions on their ITRs up to four years (as announced in Budget 2025) from the end
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