Notes and Study material for Exams
Sources of Income of Central Government As we all know that India is a democratic country and the main aim of the government here is to increase the welfare of the people not the profit of the government. To increase the welfare of the people the Government of India has to start welfare … Read more
Calculation Of Income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as: Basic salary, House rent allowance (HRA), Special allowance Other allowances, reimbursements etc. However, not all of the amount received as salary is fully taxable. A part of it will be fully exempt from tax … Read more
Human Capital: The Engine of Economic Growth and Societal Progress In the ever-evolving landscape of the global economy, the concept of “human capital” has emerged as a cornerstone of sustainable growth and societal well-being. It transcends the traditional view of labor as a mere input factor, recognizing the inherent value and potential of individuals as … Read more
Central and State Government Privileges Section 123 of the Indian Evidence Act Evidence as to affairs of State: No one shall be permitted to give any evidence derived from unpublished official records relating to any affairs of State, except with the permission of the officer at the head of the department concerned, who … Read more
The Financial Landscape of Indian Parliamentarians: Salaries, Allowances, and the Debate on Transparency The Indian Parliament, the legislative body of the world’s largest democracy, plays a pivotal role in shaping the nation’s destiny. Its members, elected by the people, are entrusted with the responsibility of formulating laws, scrutinizing government policies, and representing the voices of … Read more
Unveiling the Income Method: A Comprehensive Guide to Understanding and Applying This Powerful Tool The Income Method, a cornerstone of valuation analysis, provides a powerful framework for determining the intrinsic value of a business. This method, often employed by investors, analysts, and business owners alike, focuses on the future cash flows a business is expected … Read more