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According to Section 2(h) of Indian Contracts Act, 1872 “an agreement enforceable by law is a contact” resultantly an agreement which creates legal obligation is a contract. Further an agreement is a promise or a set of promises forming the consideration for each other and agreement which creates legal obligation…

The point of getting insurance is that it is a high level of certainty. Insurance is a binding agreement between the insurer and the insured party that provides the insurer with access to the best possible care, depending on the purchased policy. The basic need is to make sure that…

Depreciation is a deduction used for the purpose of writing off the value of both the tangible and intangible assets used by the taxpayer over a period of time. Valuation of depreciation is mandatory for deduction in profit and loss statements of Acts allow straight-line method and written down value…

Table of contents: Introduction  Eligibility  Process for acquiring an FSSAI license  Documents required for FSSAI registration  Fee for FSSAI license  Benefits of acquiring FSSAI license  Penalty for Non-Compliance Renewal of FSSAI license Final words  Introduction In India, FSSAI is an authorized organisation that administers and looks over the food business…

This article helps to understand all about 80g and 12ab. The terms and conditions, benefits, the procedure of registering, and amendments under 80g and 12AB are all highlighted below. Table of Contents- What is Section 12AB? Terms and Conditions of Section 12AB Registration Benefits of 12AB Registration Documents required The…

Cash transactions have always played a major role and serve as a constant source of black revenue collection. The government has recently introduced a variety of measures to curb trade in cash payments and improve digital payments. To monitor the use and distribution of black money, governments have been imposing…

A Non-Resident External (NRE) account is a bank account for NRIs which are INR-dominated to transfer their foreign currency to India. Foreign exchange earnings can be credited to NRE accounts and maintained in Indian Rupees. This article discusses all the benefits, types, features and much more about Non-Resident External (NRE)…

A charge is a security given to the creditors for securing loans and debentures by creating mortgage on the assets of the company. The charges are created on both existing as well future property by agreeing to the terms for making the create charges available as a security for the…

A sale deed is a legal instrument detailing a property sale between the parties. It is proof of ownership. Once the execution of the sale deed has been completed, the property's ownership is transferred to the buyer. The buyer gets full control over the property and confers the title of…

Introduction Business risk refers to a company's or organization's susceptibility to circumstances that might lower its profitability or lead it to fail. Business risk is defined as anything that jeopardises a company's capacity to accomplish its financial objectives. Sometimes a company's direction or management creates conditions in which the company…