Preference shares, more commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued. If the company enters bankruptcy, preferred stockholders are entitled to be paid from company assets before common stockholders. What is Redemption of Preference Shares? Redemption of preference shares is […]

A Partnership forms when two or more individuals make a decision that they will jointly begin a business or a venture by contributing assets in the form of investments, and this partnership is created only with the intention of making profits. In such a scenario, the individuals contributing to jointly begin a business are called

TCS full form stands for Tax Collected at Source. The purchaser is responsible for paying the TCS bill, which is collected from the lessee or buyer. Although it is the responsibility of the buyer to pay TCS, the seller is equally liable to collect the TCS duly. To better understand the mechanism, look at an

The third iteration of the MCA21 site was introduced by the Ministry of Corporate Affairs in March 2022. The major goal of this new version, the V3 Portal, was to improve the delivery of services connected to Limited Liability Partnerships (LLPs). In particular, MCA stated that all LLP filings will move to an online format beginning on March

According to the guidelines of the Income Tax Act of 1961, obtaining a home loan can offer chances for tax savings. Provisions in the most recent financial budget improved these advantages even more. Nirmala Sitharaman, the Union Finance Minister, suggested extending the deadline for further deductions on home loan interest payments during her budget speech. After being extended until

Kerala offers incredible experiences to tourists as much as the locals, who enjoy staying there. The famed Keralan backwaters are a thing of beauty that is best witnessed with your own eyes. The tropical state is a good place to live out a peaceful retirement. If you are planning to stay in Kerala for the

The Agricultural Technology Management Agency (ATMA) Scheme, formally known as the “Support to State Extension Programmes for Extension Reforms,” is a centrally sponsored scheme in India launched in 2005. It aims to decentralize and revamp the agricultural extension system by making it more farmer-driven and accountable.  Activities of ATMA Scheme Formation and activation of Farmer Interest Groups (FIGs): These

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

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 (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