Real Estate includes land and building, which are always appreciated. Hence, awareness regarding capital gains tax on real estate is significant. The holding period of […]
Author: Disha Mody
GST on the sale of land in India – Definitions, Indirect Tax, Sale on land
Real Estate is an important sector for the economy’s growth. GST from real estate sector in India is a major source of revenue for the […]
Types of Reinsurance – Definitions, Types, Examples
Reinsurance is insurance for insurers. Reinsurance means when insurance companies sign an agreement to transfer their risk portfolios to other insurers to reduce the likelihood […]
Financial Ratios in Revenue Statement – Definitions, Uses, Users, Examples
Financial Ratios are of three types: Financial Ratios in Revenue Statement, Financial Ratios in Balance Sheet, and Combined Ratios. Earlier, we discussed about the Balance […]
What is a Combined Ratio? Definitions, Examples, Analysis
The combined ratio helps the insurance company measure operations and the daily performance. In other words, it measures the operational profitability of the insurance company. […]
Trend Analysis of Income Statement – Definitions, Analysis, Examples
Trend Analysis helps to analyze the percentage change in the financial performance of a company over two or more years, compared to the base year. […]
Balance Sheet Ratio Analysis – Definitions, Ratios, Deep Analysis
A ratio is a relation between two variables. Further, they are of three types- Pure, Percentage, and Turnover ratios. Before jumping into balance sheet ratio […]
Types of Residential Status
To determine whether income is taxable in the hands of the assessee or not, one needs to know his residential status. Moreover, the taxability depends […]
Computation of Income from Salaries
Before learning about the computation of income from salaries, let’s understand the sections covering the same. Income is of two types- taxable and exempt. Exempted […]
List of Exempted Incomes
Given below is the list of exempted incomes under section 10 of the Income Tax Act: Agriculture Income (Section 10(1)) Agriculture income is on the […]