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Sukanya Samriddhi Yojana (SSY) started to provide Indian girls equality and freedom in terms of features and benefits. It offers great tax benefits as well, as well as is a reliable investment option. This article discusses Sukanya Samriddhi Yojana and tax benefits. Table of contents Sukanya Samriddhi Yojana  Tax Benefits…

Prior to 1992, banks used to recognize interest on the whole portion of loans and advances, regardless of whether each loan advanced was good or poor. As a result, the following drawbacks have occurred. Banks formerly recognized interest on bad loans. Due to recognition of Interest on Income on full…

The Foreign Exchange Management Act, 1999 was enacted by the Indian Central Government to facilitate external payments and cross-border trade in India. FEMA (Foreign Exchange Management Act) was enacted in 1999 to replace FERA (Foreign Exchange Regulation Act) (Foreign Exchange Regulation Act). FEMA was created to address all of the…

Cash transactions have always played a significant role in the Indian economy and are a consistent source of black money accumulation. The government has recently implemented a number of measures to reduce cash transactions and increase digital payments. In this article, we will look at the Cash Transaction limit under…

In India, company registration is also known as corporate incorporation. It is a legal and regulatory process to enter a company (installation means a company registered with a company registrar). Registering a business it helps to identify the business as a separate entity and give it a separate legal life.…

External Commercial Borrowings (ECB) is borrowings made by an eligible entity in India from any recognised entity outside India for commercial reasons. Debt financing has traditionally been a favoured type of company finance due to inherent benefits such as security creation, minimum guaranteed returns, and tax efficiency for both the…

Do you want to start your business, or looking for how to add some additional place of business under GST? Then you have landed on a right place. You may open new offices or manufacturing plants as your company grows. You may also need to investigate other marketplaces. To do…

For most people, owning a home is a dream comes true. The Indian government has traditionally favoured encouraging residents to invest in real estate. This is why a house loan qualifies for a Section 80C tax deduction. And when you buy a property with a home loan, you get a…

Are you aware that non-resident Indians, or NRIs, must pay income tax in India? Not only do residential Indians pay taxes, but so do non-resident Indians. We are all aware that taxes collected from citizens form the basis of the Indian economy. The Income Tax Act, 1961 applies to anyone generating income outside…

An Alternative Investment Fund (AIF) is a kind of investment fund in India. Investors use it for investing and getting benefits. In AIF investors collect the fund. Further, they invest it under different categories of investments as per the Securities and Exchange Board of India (SEBI) for the benefit of…