Showing posts from September, 2016
The Three Mistakes of My Life is the story of three youngsters who dream big. The hero of the tale is Govind. Like every youngster in Gujarat – where the story is set – his dream is to be a successful businessman. He joins h…
Creation of credit is an important function of a commercial bank. Prof. Sayers said “Banks are not merely purveyors of money but, also in an important sense manufacturers of money”. In a modern economy Bank’s deposits fo…
In modern economy commercial Banks Play an important role in the financial sector. A Bank is an institution dealing in money and credit. Credit money is the major component of money supply in a modern economy. Commercial ba…
Salaries Defined: Section 15 Under Sec. 15, the following incomes are chargeable to Income tax under the head “Salaries”: a) Any salary due form an employer or a former employer to an assessee in the previous year whether paid o…
Background of GST (Goods and Services Tax) GST has been proposed in the Indian Parliament few months back and economists are deep diving to study its implications and feasibility of implementation throughout the country. Implemen…
