Understanding Options Options are financial contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified period. The underlying asset can be a stock, bond, currency, or commodity. Options have to be purchased by paying an extra amount known as the...
Management of Working Capital Working capital management is a crucial aspect of any business, as it involves managing the current assets and liabilities of a company. Effective working capital management aims to ensure that a company has enough liquidity to meet its short-term financial obligations while maximizing profitability. In this blog, we will discuss the...
Save money by Mortgage refinancing ! Mortgage refinancing is the process of replacing your existing mortgage with a new one, usually with different terms, interest rates, and payment schedules. By refinancing your mortgage, you can save money in the long run, but it’s important to understand the process and consider the costs and benefits. Here...
Investing in Debt Mutual Funds? Note the change in Taxability The Modi Government has introduced a tax amendment to the Finance Bill 2023 that will boost certain investment avenues. The new rules state that debt mutual funds with less than 35% of their AUM invested in equity will no longer receive long-term capital gains. Instead,...
EPR- Definition EPR stands for Extended Producer Responsibility. It is an Authorization which is issued by CPCB (Central Pollution Control Board). The Ministry of Environment, Forests, and Climate Change issued E-Waste (Management) Rules 2022 on November 2, 2022. This will go into effect on April 1, 2023. These regulations shall apply to all...
The Union Finance & Corporate Affairs Minister, Smt. Nirmala Sitharaman presided over the 48th meeting of the GST Council, which was held via video conference on December 17, 2022. At the GST council meeting today, there was no tax increase on any item. GST on online gambling and casinos, according to Revenue Secretary, was not...
Whether your company is big or small, financial and accounting tasks are difficult but essential. In addition to hiring an internal accountant, outsourcing accounting services is a more affordable choice. By handling crucial accounting and financial tasks, reputable accounting outsourcing services may free up your time and mind so you can concentrate on growing your...
Very little importance has been given to internal controls in most companies but the management should emphasize strengthening the same so that the processes are followed and deviations highlighted. If the deviations and loopholes are highlighted in a timely manner, many major issues can be avoided and chances of fraud and pilferage are reduced. What...
The company that comes beneath the provisions of sub-section (1) to section 135 will file a report on the CSR in Form CSR-2 to the Registrar for the preceding financial year (2020-2021) or onwards. A. BACKGROUND- Corporate Social Responsibility was, for the first time, introduced as a statutory obligation for all the companies by enacting...
BACKGROUND According to Income Tax Act, Permanent Establishment is defined as a fixed place of business where the business of the enterprise is wholly or partly carried on that indicates a business connection between the foreign country and Indian country. The tax on foreign entities in India is based on different aspects such as place...
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