What is PPF Account? A Public Provident Fund, commonly known and used as PPF, is a savings-cum-tax-saving scheme introduced by the National Savings Institute of the Ministry of Finance in the year [...]
What is Gratuity? Gratuity is the amount usually given by the employer to the employee at the time of retirement for the services rendered by him during the period of employment. It can also be paid [...]
Home Loan Tax Benefit under Section 24, 80C and 80EE According to the provisions of income tax act, 1961 - Taking a loan for your home can provide you various tax benefits and help you in saving lots [...]
What is FDI (Foreign Direct Investment)? FDI means foreign direct investment. Foreign direct investment is an investment made by a company or individual in one country into business interests [...]
What is MAT (Minimum Alternate Tax)? MAT Means Minimum alternate tax. It is a tax levied under section 115JB of the income tax act 1961. Government introduces the concept of MAT to target those [...]
What is APEDA (Agricultural & Processed Food Products Export Development Authority)? Governed and administered by the Ministry of Commerce, Government of India, APEDA i.e. Agricultural and [...]
What are the requirements for registration of NBFC with RBI? The requirements for registration of NBFC with RBI are as follows – NBFC should be registered either as a public or a private [...]
Classification of NBFC in India NBFC can be categorized as per following category: In terms of Deposit and Non-Deposit accepting NBFC In terms of size of Non-Deposit accepting NBFC, and By [...]
What is a Non-Banking Financial Company (NBFC)? In banking terminology, a NBFC i.e. a non-bank financial institution is a financial institution which is not governed or supervised by a national or [...]
What is Liquor License? A Liquor license is a permit given by the state excise department to those who want to sell alcoholic beverages at a certain place. Each state government has laid down [...]
