Shri Narendra Modi Prime Minister and also in-charge of: Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space; All important policy issues; and All other portfolios not allocated to any Minister CABINET MINISTERS 1. Shri Raj Nath Singh Minister of Defence 2. Shri Amit Shah Minister of Home Affairs; and…
The concept of Authorised Person was introduced in 2009 by SEBI. The term authorize person refers to a person who has been authorized by a stock broker to provide access to trading platform of a stock exchange in form an agent of such broker. Thus, it is a stock broker who appoints an authorized person.…
Income tax is not the only source of taxes for the government. It also collects indirect taxes such as TDS, TCS, and GST from us, by levying them on goods, services, and transactions. In the case of direct taxes, payments are made by the ones earning the money. In case of indirect taxes, it becomes…
Share holders of a company are the owners of the capital of the company but the real management is done by the board of directors of the company. They are the people who manages the funds of the company and take company to future. But in reality much of the powers of the board of…
1. Ab Initio – From the beginning. 2. Actionable per se – The very act is punishable and no proof of damage is required. 3. Actio personalis moritur cum persona – A personal right of action dies with the person. In other sense, if he dies the right to sue is gone. 4. Actori incumbit…
Section 89 of the Income Tax Act 1961. This particular section provides for relief to the assessee when there is a chance for increased salary in a year due to an arrear payment has happened in the previous years. This means a salary payment which should have been paid in any previous years, which are…
1. In India, when did the second phase of COVID-19 vaccination started? April 2021 B. January 2021 C. February 2021 D. March 2021 Ans. D Explanation: The second phase of vaccination for all Indians above th eage of 60 and also for the age braket of 45-60 started on 1st March, 2021. 2. what is Aspergillosis with…
One of the biggest doubt raised by most of the people are is telephonic discussion is verbal communication or non verbal communication. Some of the experts on Human Resources also finding it difficult to understand the real nature of communication happens in telephonic discussion. Let us try to understand how a telephonic discussion can be…
When we look on to expenditures, we can find that there are different types of expenditures. It can be either long term or short term, recurring or fixed etc. But when we look on to the nature of expenses, we can find that the expenses can be divided into two Capital expenditure Revenue expenditure. For…
Capital Receipt and Revenue Receipt In many situations it is found difficult to differentiate between capital and revenue receipts, but clear class bifurcation is very important. Capital Receipt These are the receipts which are usually found place in the balance sheet of a firm, which is of non recurring nature. Usually capital receipts are understood…
