E-stamping is an online method of paying non-judicial stamp duty on property to the government. Online stamping has replaced the traditional ways of paying stamp duty charges including physical stamp paper and franking. Several State governments currently have already adopted the online mechanism. Stock Holding Corporation of India Limited (SHCIL), the Central Record Keeping Agency […]
Recurring deposits (RDs) are an investment instrument almost similar to fixed deposits. However, you have to make fixed monthly deposits in RDs, unlike a lump sum amount in FDs. RDs create a habit of regular investment among earning individuals. These also instil discipline when it comes to savings. Recurring deposits are offered by the majority
The Indian Income Tax Act, 1961, defines AOP (Association of Persons) as an integration of persons for a mutual benefit or a common purpose. They may be individual or artificial persons such as LLP or a company. For example, two companies may join together and form an AOP for the achievement of a common objective.
The scheme was set up by the late Nizam of the State of Hyderabad in 1907 for the well being of his employees. This was initially run by a Management Committee under the name Family Pension Fund. In the year 1913, it was renamed as Hyderabad State Life Insurance Fund. The name was finalized as
Every employee who makes EPF contributions is given a 12-digit number called the Universal Account Number (UAN). The Employee Provident Fund Organisation (EPFO) creates and then distributes UANs. What is UAN? The Universal Account Number (UAN) is a 12-digit unique number assigned to every employee contributing to the EPF. It is generated and allotted by the Employees’ Provident Fund
Women’s Entrepreneurship Day is globally celebrated on November 19 every year to promote entrepreneurship among women and to recognise their contributions in the business world. 1. Oprah Winfrey: “Follow your passion — and if you don’t know what it is, realize that one reason for your existence on earth is to find it.” 2. Sheryl
A house rent receipt acts as a documentary record of your rent payment. A proof that the tenant has paid the rent, the rent receipt is provided by the landlord after collecting the rent. Rent receipt for income tax helps you claim tax benefits. The rent receipt will also act as a legal proof of
Yamaha, widely known for world-class products and services, established itself as a global brand for high-quality products and services. It made its foray into the Indian market in 1985 as a joint venture. The company’s manufacturing plants are situated in Faridabad (Haryana), Surajpur (Uttar Pradesh), and Kanchipuram (Tamil Nadu). The infrastructure of these plants supports
The Monetary Policy Committee (MPC) announced on 8 June 2023 that the repo rate was increased by 25 basis points. This makes the current repo rate 6.50% as of September 18, 2024. (from the 6.25% that it was earlier). The reverse repo rate stands unchanged at 3.35%.The Bank Rate and the Marginal Standing Facility (MSF) rate has changed to
Corporate Identification Number or Corporate Identity Number (CIN) is a 21-digit alpha-numeric number provided to all Private Limited Companies (PLCs), One Person Companies (OPCs), Companies owned by the Government of India, State Government Companies, Not-for-Profit, National Initiative for Developing and Harnessing Innovations (NIDHI) Companies, etc. registered in India. CIN number is a unique identification number
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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