February 2025

Section 38 – Wealth-Tax Act, 1957

Information, returns and statements [Where, for the purposes of this Act], it appears necessary for 86[any wealth-tax authority] to obtain any statement or information from any individual, company 87[(including a banking company)], firm, Hindu undivided family or other person,88[such wealth-tax authority] may serve a notice requiring such individual, company, firm, Hindu undivided family or other person, on […]

Mukhyamantri Vidyarthi Pratibha Yojana

Mukhyamantri Vidyarthi Pratibha Yojana

The objective of the scheme is to provide scholarships to the students studying in class 9th to 12th for enabling them to bear the expenses required for their studies,SC/ST/OBC students of class IX to XII of all Government/Aided/Recognized public schools affiliated to Directorate of Education/Kendriya Vidyalaya Sangathan/National Open School/Schools affiliated to NDMC/Delhi Cantonment Board, East

Types of Customs Duty

types of customs duty

Customs Duty’ refers to the tax imposed on the goods when they are transported across the international borders. The objective behind levying customs duty is to safeguard each nation’s economy, jobs, environment, residents, etc., by regulating the movement of goods, especially prohibited and restrictive goods, in and out of any country. Every good has a

Conversion rate in business

conversion rate in business

A conversion rate records the percentage of users who have completed a desired action. Conversion rates are calculated by taking the total number of users who ‘convert’ (for example, by clicking on an advertisement), dividing it by the overall size of the audience and converting that figure into a percentage. What is Conversion Rate in Business?

Top 10 Business in India

Top 10 Business in India

India has a diverse and rapidly growing economy, offering various business opportunities across multiple industries. Here are the top 10 businesses in India 1. Information Technology (IT) and Software Services India is a global IT hub, with companies like TCS, Infosys, and Wipro leading the industry. Services include software development, IT consulting, cloud computing, and

Dream deal in shark tank

dream deal in shark tank

A Dream Deal in Shark Tank refers to a highly favorable investment deal where the entrepreneur secures funding from one or more sharks on excellent terms. This could mean getting the exact investment they ask for, a higher valuation than expected, multiple sharks competing to invest, or even additional business benefits like mentorship, distribution, or

FSSAI License Number

FSSAI License Number

Food Safety and Standards Authority of India (FSSAI) regulates the safety of food products available to the public in India. It ensures that the Food Business Operators (FBOs) are manufacturing quality food products with healthy food storage and handling practices within their premises.  FSSAI issues the food licenses to the FBOs certifying the safety of

SWAYATT Initiative

swayatt initiative

It was launched on 19th February, 2019. It was conceptualised with a clear objective of invigorating participation of women-led enterprises and youth in public procurement. It is rooted in GeM’s foundational pillar of social inclusion, SWAYATT is portal’s commitment to enhance ease of doing business and establish direct market linkages to annual public procurement for startups, women entrepreneurs, Micro

Floriculture Development Scheme

Integrated Development of Commercial Floriculture Scheme

Floriculture which was once a hobby for the residents of the State of Meghalaya, is now turned into a potential commercial business. With a vision to transform the State into the Flower State of India, the Government of Meghalaya has launched the Technology Mission Scheme on Horticulture. The scheme envisions at overcoming the high cost of

Section 37C – Wealth-Tax Act, 1957

Application of retained assets (1) The assets retained under sub-section (5A) of section 37A may be dealt with in the following manner, namely :— (i)   the amount of the existing liability referred to in clause (iv) of the said sub-section and the amount of the liability determined on completion of the regular assessment or