Bank Frauds in India/Financial Frauds in India
Bank Frauds in India- It is quite imperative for all of us to know that the total economic activity of the world got tremendously disrupted due to the COVID 2019 pandemic and India is not an exception to this impact.
Double Taxation Relief-Section 90 of the Income Tax Act
Section 90 of Income Tax Act 1961 contains provisions relating to Double Taxation Relief to provide for tax relief from taxing an income twice. More and more numbers of Indians are going abroad to earn their bread and butter.
What is Minimum Alternate Tax Under Section 115JB?
Minimum Alternate Tax or MAT- The name itself suggests that if the tax payable by a Company to the Govt. as per the provisions of I.T Act, falls below a certain level, the Company has to pay taxes on the Minimum Alternate Tax (MAT) basis. This is called MAT Tax. So, the tax payable on book profits to be calculated in different ways.
Section 80TTA Deduction-TDS on Interest
The provisions of Section 80TTA of the Income Tax Act may be read as under:-
Section 68 of Income Tax Act-Unexplained Cash Credit
Section 68 of Income Tax Act 1961, states that if any sum is found credited in the books of accounts of an assessee maintained for any previous year, and the assessee could not provide any explanation about the source and nature thereof,
How to Invest in Shares- A Stock Market Basics for Indian Beginner Investors
There is a great saying that a country’s economic condition can be judged by its total market capitalization. So, on the other way, a stock market’s total valuation/capitalization reflects a country’s economic prosperity.