Do political party pay taxes?

Political parties are barred from taking any activity of commercial nature and thereby earning profits. This does not mean political party does not have any income at all. As already mentioned Political parties are allowed to accept voluntary contributions under RPA. Further, political parties may also be owning immovable properties Read more…

Types of Bank Loans in India

Loans can be utilised for various things in today’s world. It can be used for funding a start-up to buying appliances for your newly purchased house. Let us talk about the different types of loans available in the market and their specific characteristics that make these loans useful to the Read more…

Check if Your Deposit is Illegal

President of India has promulgated the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 w.e.f. February 21, 2019. This law has been brought to safeguard the hard-earned money of ignorant depositors from scrupulous deposit takers. Scope: – This ordinance is applicable to every person in respect of following three offences: – Read more…

It’s Time To Tax Groundwater Use

With groundwater touching alarmingly low levels, the proposed Water Conservation Fee should help curb over-extraction In an attempt to discourage overexploitation of groundwater and ensure a more robust groundwater regulatory mechanism in the country, the Centre has proposed to slap for the first time a Water Conservation Fee (WCF) on Read more…

Impact of GST on gold

The implementation of GST has a great impact on gold, soaring up the gold prices to a 2-month high. Although, physical demand for gold has been lower because of the 3% GST that is levied upon 10% of import duty. In other words, gold has become expensive, by about 0.75% Read more…