The Employees’ Provident Fund Organization administers the EPF (Employees’ Provident Fund) retirement benefits plan (EPFO). The employee and the employer both contribute 12% of the base salary and dearness allowance to the EPF system on a monthly basis. EPF is a tax-advantaged investment vehicle that provides substantially higher interest rates. The Employees’ Pension Scheme receives…

A chit fund is a revolving savings scheme that has been a part of the Indian financial system for over a century. It is also known as chit, chitty, or kuree. A chit fund is an excellent financial tool for both saving and borrowing. As a savings vehicle, it provides a good return on investment,…

Hunger is a disease for which no medicine has been invented. This statement seems correct as it correctly justified the reasoning presented by the great philosopher of the times named “Thomas Hobbes.” Hobbes in his book called “Leviathan” argued that there is no democracy or law lies with the Hungry men, as the only potential…

Term Insurance Plans were introduced with a very basic structure — the plan will offer a sum assured on the death of the policyholder, provide coverage up to the age of 65, and the premium can only be paid on an annual basis. However, it became more complicated when more and more insurers started offering…

Insider trading refers to trading based on non-public material information that significantly affects the price of a company’s shares when realized using this source. In many countries, insider trading is not legal and offenders are severely prosecuted. However, the nature of material information concerning the internal and external environment has led to different laws and…

 Under the Real Estate Regulatory and Development Act (RERA) which came into effect on May 1, 2017, real estate agents will be required to register to facilitate a transaction. All real estate agents are required to do RERA Registration. They should do so with the appropriate state regulatory authorities. This article focuses on the mandatory…

Along with being financially rewarding, a career as a Company Secretary also carries a high degree of job satisfaction. Whether a company is in the public or private sectors or an NGO, a company secretary is an essential member of the governance team. The Company Secretary (CS) is a key manager of the company. He…

Confused between what and how to choose between CA and CS? Let us discuss about what should we choose and which has better scope in the market. Two popular degrees in the Commerce discipline are Chartered Accountancy and Company Secretary. CA and CS are often chosen courses following 12 Commerce and are typically seen to…

On November 1, 2017, the Ministry of Finance of India issued a press release on the Central Board of Direct Taxes (CBDT) rules regarding Transfer Pricing Documentation (TPD) in the master file and country-by-country (CbC) report. On 06/2017, the CBDT invited comments on the proposal to insert Rules 10DA, 10DB and Forms Nos. 3CEBA to…

Investment property is property that has been purchased with the intention of obtaining a return on the investment (purchase) either through rental (income), future resale of the property, or both. Investing in real estate is like any other investment; the goal is to generate a profit. The way a property is used has a significant…

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