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DTC : Direct Tax Code

The DTC is direct tax code, it  is said to replace the existing Income Tax Act, 1961. The Government had announced its intention to introduce a revised and simplified Income tax Bill. If... Read more »

What Are The Advantages & Disadvantages Of Triple Net Lease?

A triple net lease is a type of commercial leasing agreement on the property in which the lessee has agreed to pays taxes, insurance, and maintenance in addition to the rent. The... Read more »

Check Your Form 26AS For TDS & TCS Tax Credit

Form 26AS is a consolidated tax statement that each Pan card holder can view at ITR e-Filling website. To view the tax statement, assessee needs to register on ITR e-filling website with... Read more »

What Is An Ad Valorem Tax?

Ad Valorem, term is derived from the Latin word, meaning “according to value”. An Ad Valorem denotes a tax, duty, fee or commission that is calculated as a percentage of the sales... Read more »

DIN : A Unique Number For Taxation Purpose

The Income Tax (IT) department has come up with an additional identification number i.e DIN for tax payers after PAN Card. DIN is Document Identification Number, it is an another identification number... Read more »

Check Income Tax Slabs & Rates For Current Financial Year (FY)

The income tax slabs / brackets and the income tax rates changes every year. Knowing Income tax slab for the current year helps us evaluate our income tax liability for the year.... Read more »

Tax Exemptions As Per Income Tax Act 1961

Every income is taxable under income tax law, whether it is received in cash or in kind, whether it is capital or revenue income, but still some incomes are given exemption from... Read more »

Income Tax Act In India

Income Tax is a tax imposed by the government of India on every one who earns in India whether they are resident of India or not. If an individual stays in India... Read more »

What Does HMRC Stands For?

HMRC stands for Her Majesty’s Revenue and Customs. It is a non ministerial department of the British Government. It was formed on the 18th April 2005, formed by the merger of Inland... Read more »

What Are Input Tax And Output Tax

What is Input Tax? Input Tax is an Indirect tax such as VAT(Value added tax) levied on capital goods used directly in the process of manufacturing such as raw materials, spare parts,... Read more »

What Is Gearing In Finance?

GEARING is the proportion of the capital employed in a company that is financed by lenders rather than shareholders. In simple terms, explains how a company finances its operations either through lenders... Read more »

HNI/HNWI – Define High Net Worth Individual Or Investors

High net worth individual (HNWI or HNI) are generally rich or wealthy people with more money and assets, traditionally these people were called as millionaires or billionaires but these days the term... Read more »

What is R in Finance?

R is a language and environment for statistical computing and graphics. It is a very vibrant platform for data analysis, visualization and programming with data. It is highly extensible and provides a... Read more »