Every employee of an establishment covered under the Act is entitled to bonus from hisemployer in an accounting year provided he has worked in that establishment for not less thanthirty working days in the year on a salary less than Rs. 3,500 per mo
The third quarter financial results make it clear that the slowdown continues and may prolong. A worst hit sector in the current crisis has been infrastructure, having been hit twice, first by the steep price rise of inputsin land prices raw material
Income from business and Profession 1. What does ‘Profession’ mean? Profession means exploitation of one’s skills and knowledge independently. Profession includes vocation. Some examples are legal, medical, engineering, architectu
Derivative: MeaningDerivativeThe term "Derivative" indicates that it has no independent value, i.e. its value is entirely "derived" from the value of the underlying asset. The underlying asset can be securities, commodities, bullion, currency, live s
Suresh Savaliya, ACs, LL.m, LL.b. Mumbai Generally, for joint adventures, a private limited company is suitable shape to regulate the relationship between entrepreneurs smoothly. However sometime, because of some limitatio
FAQ on Taxable Income 1. What does the Income Tax Department consider as income? The word ‘Income’ has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility
General Question Regarding Income-tax 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is l..
COMPARISON OF BUSINESS FORMS CRITERIA PROPRIETORSHIP PARTNERSHIP LIMITED COMPANY ..
Rothbard writes about the perils of turning gold and silver into paper notesAuthor : Vivek Kaul/DNAWe all use money in our everyday life. But how did the idea ..
1. What is RTGS System?Ans The acronym "RTGS" stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money..
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