"Academician, Author & Management Consultant"
Learn about Commodities Transaction Tax (CTT), its scope, rates, and objectives. Explore the 2024 updates and comparison with Securities Transaction Tax (STT).
1. Meaning of Commodity Derivative Market: Commodity Derivative is Market is a place, where the investor can directly incest in Commodities, rather than investing in those companies that trade in these commodities. In other words, Commodity Derivative markets are the market, where the trade is undertaken through a future/options/swap contracts. Under these contracts, as the […]
1.1. INTRODUCTION TO DUAL GST MODEL Many countries in the world have a single unified GST system i.e. a single tax applicable throughout the country. However, in federal countries like Brazil and Canada, a dual GST system is prevalent whereby GST is levied by both the federal and state or provincial governments. India is a […]
RESIDENTIAL STATUS We already know, tax is charged on Total Income. The computation of this total income further depends upon the residential status. The followings are the importance of residential status; Importance of Residential Status: 1. Total Income of an assessee cannot be determined without knowing his residential Status. 2. Residential Status shall be determined […]
Meaning of TAX: Tax is a compulsory payment to be made by every resident of India. It is a charge or burden laid upon persons or the property for the support of a Government. Government decided the rates and the items on which tax will be charged, like income tax, GST, etc Tax can be defined […]
Article explains Meaning of Insurance, Requirements of Insurance Contract, Principles of Insurance Contract, Benefits of Insurance Contract, Types of Insurance and Life Insurance, its benefits & types. Insurance Insurance can be defined as—- transferring or lifting of risk from one individual to a group and sharing of losses on an equitable basis by all members […]
