Commerce

On specified service transactions, the government charges a tax on service providers, while the expense is borne by the customers. It was created by the Finance Act of 1994 and is categorised as an indirect tax. Service tax was once a sort of tax imposed by the Indian government on certain goods and services. The […]

STT is a financial transaction tax that functions similarly to tax collected at source (TCS). The Securities Transaction Tax (STT) is a direct tax levied on all purchases and sales of securities traded on India’s regulated stock exchanges. The Securities Transaction Tax Act (STT Act), which outlines the categories of taxable securities transactions that are

Established on 12th April 1988, India’s Securities and Exchange Board (SEBI) is India’s regulating authority for the stock market. As a non-statutory organisation, it had no legislative power before 1992, when it was reclassified as an independent body with statutory jurisdiction. SEBI is the regulatory body that governs the country’s securities market. As a result,

You know that high-risk investments give high returns and turn-about. The study of human behaviour reveals that people prefer less risk against more risk for a known level of return. The higher the risk in an investment, the higher the returns. It also attracts more investors. The presence of risk in any investment opportunity does

Reconstruction of a company refers to dissolving an existing corporation and transferring its assets and liabilities to a new corporation. Shareholders in the former firm automatically become shareholders in the new corporation. The structure of the business and the stockholders of the new firm are essentially identical to the previous company. What is the Meaning

Recognition of state means acknowledgement as an international political entity by another state. Recognition helps a state or government enormously by all means. Even though a state or government already exists before recognition, the acknowledgement brings more power to the system. There are several theories about recognition, yet there seem to be some criteria of

The Reserve Bank of India (RBI) takes its name from the Banking Regulation Act, 1949, formerly known as the Banking Companies Act, 1949. Regional rural banks, cooperative banks, Commercial banks, local area banks, non-banking financial companies and development financial institutions (DFIs) make up India’s financial system. In this article, we attempt to understand the role

The monetary and credit policy of the Reserve Bank of India (RBI) is widely regarded to be a central bank’s defining function. The RBI took on several developmental efforts in independent India, which was quite unusual for a central bank. However, the monetary policy remained its primary concern. The introduction chapter explored the main structural

Cost estimation and cost accounting system is referred to as the costing method. The nature of industries, as well as the products and services they provide, differ. As a result, different industries have different costing strategies. For instance, a building contractor’s costing method differs from a transportation company’s. The two most common methods of costing

Taking over another company is more common than you may imagine. Acquisitions are the term used to describe these types of takeovers. In the business world, mergers are defined as situations in which two or more firms join forces to establish a single entity. These types of mergers are referred to as ‘Amalgamation’ in Indian