Many people park their money in deposits and securities for investment purpose. And in times of financial emergencies there are only two options available, to borrow funds or liquidate the investments. While liquidating the assets, it is always a concern...
Yes, the free meal coupons like Sodexo are liable to tax. Our Income Tax law treats it as a free perquisite given by the employer to its employees and would be taxed if the value of the coupon exceeds Rs....
Personal Line of Credit is a form of borrowing just like personal loan, with added features. It is a mix of credit card and personal loan. It is a personal loan that acts more or less like a credit card....
Once you have discontinued service under employment, there are two things that you can do with your Provident Fund Account, If you are taking up employment in another company then you can transfer your existing Provident Fund Account to the...
No Tax is levied on the amount deposited and withdrawn from the Provident Fund account. This is because Provident Fund account comes under the EEE bracket i.e. Exempt on Investment, Exempted Interest and Exempt on Maturity. Although no tax is...
Did you know, that there are equity shares that offer only dividends and an opportunity for price appreciation but without the voting rights. This means you get to issue equity shares for the purpose of raising funds but without diluting...
Most enterprises are subject to various audits throughout their financial year. But one common question that arises in the mind of every such entrepreneur is that why are they subject to different audits? Since it is all related to tax...
There has been a tremendous rise in the number of digital transactions in the recent past. And with digitalization comes the risk of security threats. Yes, I know you must be thinking that you have OTP to secure your account....
Most people have this confusion regarding where to open a Demat Account. To help you answer this question, I’ll first explain on the types of Demat Accounts and then answer the question regarding which type of Demat Account is better...
ESOP stands for Employees Stock Option Plan. As the name suggests, this is an option given to the employees to become the shareholders of the company. This option can be exercised after the employee has completed a specified no. of years...