Most companies provide a number of retirement benefits to their employees. Provident funds, gratuities, and the National Pension Scheme, superannuation benefits are examples of retirement benefits. Employees may get a superannuation benefit from their employers, which is a type of retirement benefit. Employees mostly does not pay much attention to this retirement benefit. Many people […]
For banks, the Reserve Bank of India (RBI) establishes a fixed internal reference rate. This interest rate is then utilized by RBI-regulated banks and lending institutions to determine the minimum interest rate for various loan categories. The RBI updates this rate on a regular basis when there is a significant change in the country’s economic activities. […]
Capital budgeting is a management activity that use a variety of strategies to aid decision-making. Internal Rate of Return (IRR) is one such capital planning technique. It’s the rate of return at which a project’s net present value turns zero. It’s called “internal” since no external factors (such as inflation ) are taken into account.
The […]
According to Section 194I, rent is defined as a payment made under the terms of a lease , sublease, tenancy, or any other agreement to use – land, building, machinery, plant, equipment, furniture, furnishings, or land adjacent to a building. It doesn’t matter if the payee owns it or not. Subletting is also treated as a […]
For taxpayers who have not completed their income tax returns for the previous three years, the TDS threshold limit has been cut to Rs 20 lakh in Budget 2020. Taxpayers who withdraw money in excess of Rs 20 lakh must pay a TDS of 2%.To discourage cash payments, the Union Budget 2019 introduced Section 194N, […]
The doctrine of indoor management also called the Turquand rule is a 150-year old idea. It helps in securing the outsiders against the activities done by the company.
Article and Memorandum of the company will guarantee that the transaction is approved when an individual signs a contract with the company. There is no prerequisite to investigate the […]
