Income Tax Act 1961

OverviewWhen purchasing a health insurance policy, the insurer outlines the waiting periods for pre-existing and specific conditions which are initially excluded from coverage. Recently, the regulator has shortened these waiting…

1. Para 3(viii) of the circular specifies that in the case of existing loans, the switchover to new penal charges regime shall be ensured on next review or renewal date…

Supreme Court Emphasizes the Rarity of Media Injunctions to Preserve Free Speech The Supreme Court of India has recently underscored the importance of exercising restraint in granting pre-trial injunctions that…

The National Pension System (NPS) in India is a government-sponsored pension scheme that was launched in January 2004 for government employees. However, in 2009, it was opened to all sections…

The "Digital India" initiative is a flagship program launched by the Government of India to transform India into a digitally empowered society and knowledge economy. It aims at ensuring government…

Section 40B of the Income Tax Act in India pertains to the deductions and limits on interest, salary, bonus, commission, or remuneration paid to partners by a partnership firm or…

Microfinance refers to a variety of financial services provided to low-income individuals or those who lack access to typical banking services. It includes microloans, micro-savings, and micro-insurance products designed to…

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced comprehensive regulations titled "Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers)…

The Sensex and the Nifty are two major stock market indices in India that track the performance of the largest and most actively traded companies on the Bombay Stock Exchange…

Return on Equity (ROE) and Return on Capital Employed (ROCE) are both key financial ratios used to assess the profitability and efficiency of a company, particularly from the perspective of…