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How To Avoid Windfall Tax In India
What is Windfall Tax? Windfall tax is the tax levied by the government when a particular company makes extraordinary returns/profits in its business. These extraordinary returns are based on factors like governmental regulations, economic conditions, etc. that allowed the company to achieve 1000 times as much profit in a given year. Some personal taxes, such…
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How Do Banks Make Money On Zero Interest Loan
Introduction Many a times we have seen e-commerce websites provide lucrative facilities, one of which is no cost EMI. These loans and EMI are provided by banking and financial institutes. It is a noteworthy question to ask – How do the banks make money if they lend funds interest free? Also Read: How Does Asset…
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What Is The Role Of Enforcement Directorate Of India
Introduction The Enforcement Directorate is India’s law enforcement and economic intelligence organization, in charge of implementing economic laws and combating economic crime. It is responsible for maintaining the economic well being of the country. It is a division of the Ministry of Finance’s Department of Revenue. This department includes officers from the Indian Revenue Service,…
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What Is The Difference Between Stressed Assets And NPAs
Introduction Banks provide loans to the individuals or companies to grow their business and meet their needs. There is a substantial risk associated with the banks the the borrower may not be able to return the money back to the bank with interest. Thus, in order to protect the interest of the banks, these financial…
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What Is The Benefit of Sukanya Samriddhi Yojana Scheme
What is Sukanya Samriddhi Yojana (SSY) Scheme Prime Minister Narendra Modi announced the Sukanya Samriddhi Yojana (SSY) initiative as part of the Beti Bachao Beti Padhao campaign, with the goal of safeguarding the future of a female child. Also Read: 5 Reasons Why Bonds Are Better Investment Than Debentures Here are 6 benefits of Sukanya…
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5 Reasons Why Bonds Are Better Investment Than Debentures
Introduction There are different ways on how the government and corporate raise funds to run their business. Out of the all, bonds and debentures are a popular means for raising funds. Also read: What Is The Advantage Of Investing In A Zero Coupon Bond What are bonds A bond is a contract between the investor…
