Category: Business /Finance/Economy

The Evolution of Making Signs

The process of designing a sign has become a much simpler, more customized offering in contemporary times. In the past, businesses and others who needed signs went to a graphic designer and described what they wanted in detail. Then they…

Credit and Debit Cards – What You Need to Know

Thing to Know About the Debit & Credit Card Transactions EMV chip Card is mandatory for the international use of debit & credit card. EMV Chip enabled card enables us for making payments worldwide at supermarkets, booking travel or movie…

What is Reserve in Insurance Business?

Reserve is a type of liability of the insurer for its policyholders. Insurers made reserves in order to ensure their ability to pay future claims to the policyholders. The amount of reserves depends upon the nature and the duration of…

Depreciation and Causes of Depreciation

What do you mean by Depreciation? Depreciation is a permanent, continuing and gradual shrinkage in the book value of a fixed asset. It is the fall in the quality or value of a fixed asset through physical wear and tear…

What is the Difference between Bookkeeping and Accounting?

What do you mean by Bookkeeping and Accounting? Book-keeping and accounting are often used interchangeably but they are different from each other. Book-keeping provides the basics of accounting whereas accounting is a broader subject. Accounting includes design of accounting system,…

Income Tax Deduction Options (Tax Saving Options)

Income Tax deduction Options (Tax Saving Options) The dividend declared by Indian companies is not taxable in the hands of the share holders If your annual taxable income comes under Rs 5 lakh, you will be entitled to a tax…

Income Tax in India

What do you mean by Income Tax? Income Tax is the tax imposed by the Government of India on the body who earns income in India. This tax is levied on the strength of Income tax Act. Income tax is…

Financial Regulatory Bodies in India (SEBI, RBI, FinMin, MCA, IRDA, PFRDA)

Financial Regulatory Bodies ( Regulators) in India Securities and Exchange Board of India (SEBI) Reserve Bank of India (RBI) Ministry of Finance Ministry of Corporate Affairs Insurance Regulatory Authority of India (IRDA) Pension Fund Regulatory and Development Authority (PFRDA )…