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…

In India, agricultural income is exempt from income tax under Section 10(1) of the Income Tax Act, 1961. However, this exemption is subject to certain conditions and intricacies, especially when…