The Anti-Defection Law in India is a legislative framework aimed at curbing the practice of elected representatives switching political allegiances, which undermines the stability of governments and political parties. This law is enshrined in the Tenth Schedule of the Constitution of India, which was introduced by the 52nd Amendment Act, 1985. The primary objective of […]
What is SIP? Systematic Investment Plan (SIP) is an investment strategy in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. How SIP Works: Upon initiating one or more SIP plans, the predetermined amount is automatically debited from the investor’s bank account and invested in the […]
Asset Under Management (AUM) in Mutual Funds operates similarly to market capitalization in stock markets, representing the total cumulative investment in a specific fund. It signifies the combined market value of assets and capital held by the fund. Fund houses manage AUM, and fund managers oversee these assets, making investment decisions for potential capital appreciation. […]
IPO, or Initial Public Offering, is a process where a private company becomes public by selling a part of its ownership to investors. This is typically done to bring in new capital, enable easy trading of existing assets, raise funds for future endeavors, or allow existing stakeholders to monetize their investments. In an IPO, institutional […]
Are you a taxpayer seeking a convenient way to respond to high-value transaction (For Understanding High Value Transactions-Income Tax refer to link) notices from the Income Tax Department? The income tax department employs diverse data analysis methods to identify individuals who either haven’t filed income tax returns or have inaccurately reported their income. In pursuit […]
High-value transactions refer to significant financial dealings involving large sums of money that are reported by banks, government agencies, and various entities to the Income Tax Department. This information is crucial for tax assessment when individuals file their Income Tax Returns (ITR). The Income Tax Department closely monitors such transactions to ensure compliance and detect […]
An income tax notice is a formal message from the income tax department. It’s not a big concern if you carefully read the notice and address any issues it mentions. Learn more here about what different types of notices mean and when you might receive them. Section 139(9): Defective ITR If there are mistakes in […]
India’s startup ecosystem is witnessing a dynamic surge, fueled by innovation, entrepreneurship, and robust government support. In the pursuit of fostering economic growth, the Indian government has rolled out several visionary schemes and initiatives, creating an environment ripe for groundbreaking startups in 2024. Let’s explore the top 10 innovative startup ideas that align with the […]
The Doctrine of Ultra Vires, under the Companies Act of 2013 in India, plays a pivotal role in shaping corporate governance and ensuring that companies operate within the prescribed legal framework. This doctrine focuses on restricting a company’s actions to the powers expressly granted in its Memorandum of Association (MoA). Let’s delve deeper into the […]
The Foreign Liabilities and Assets Annual Return (FLA Return) is a vital regulatory requirement in India, mandated by the Reserve Bank of India (RBI) for entities engaged in cross-border financial transactions. The FLA Return is an annual filing mechanism established by the RBI to capture detailed financial information regarding foreign liabilities and assets of Indian […]