A Unique Quantity Code (UQC) is a measuring quantity under the GST system for standard use by all taxpayers. Its application is found not only on the GST portal but also in e-way bills and e-Invoicing systems.
UQCs are used to measure quantities of goods such as 500 grams, 1 liter, etc. The use of […]
The Rashtriya Krishi Vikas Yojana (RKVY) was established in 2007 as an umbrella scheme to ensure the holistic development of agriculture and allied services. The program rewards states for increasing public investment in agriculture and related services. Concerned about the poor expansion of agriculture and related services, the National Development Council (NDC) launched this initiative. With […]
One of the most important considerations an investor must make when investing is selecting how much risk he is prepared to face with his money. Should he go for rapid expansion or capital preservation? For capital preservation, investors with a lower risk tolerance typically turn to debt funds. Debt funds come in a variety of shapes […]
Arbitrage funds focus on equity share mispricing in the spot and futures markets. To generate maximum returns, it mostly takes advantage of price disparities between current and future securities. The fund manager buys shares in the cash market and sells them in the futures or derivatives markets at the same time. The return you get […]
A flexible, dynamic, and competitive private sector is increasingly recognised as critical to long-term economic success. The increasing competition allows consumers to choose from a wider range of higher-quality products at lower prices. The competition also promotes accountability and openness, as well as the reduction of corruption and lobbying. Competition, as a well-functioning market system, fosters […]
The Central Government fixes the cost inflation index and publishes it in its official gazette for measuring inflation. This index, notified each year by the Government is defined under Section 48 of the Income Tax Act, 1961.
As per section 48(2) of the Income Tax Act “the CII” shall be deemed to be 686 for the assessment […]
