Section 270A penalties range from 50% to 200% for under-reporting and misreporting of income, drastically increasing the non-compliance cost.
Understanding Redeemable Debentures: Features, Advantages, Disadvantages and Methods of Redemption
Redeemable debentures are legal debt certificates with details of investment sum, interest payments, and a specific repayment date. They attract investors due to repayment assurance.
Exploring Key Differences Between OFS and IPO
Explore the key differences between Offer for Sale (OFS) and Initial Public Offering (IPO) to understand their impacts on your investment strategy.
The Complete Guide to Revenue Expenditure and How It Impacts Your Business
Understanding different types of expenditures is critical to managing a business or organisation’s finances. One essential category is revenue expenditure. In this article, we will explore revenue expenditure, how it differs from capital expenditure and related concepts like deferred revenue expenditure. Revenue Expenditure Meaning: Revenue expenditure refers to the costs incurred during the business’s normal […]
NEFT Payment Time: Everything You Need to Know
The National Electronic Funds Transfer (NEFT) system is a widely used electronic fund transfer method in India. Managed by the Reserve Bank of India (RBI), NEFT provides a safe and reliable way to transfer funds between bank accounts. Since its launch, NEFT has become the backbone of India’s interbank payment system, offering convenience to both […]
All About the RBI Financial Year and Its Importance for Investors
Introduction: Welcome, aspiring investor! As you embark on your financial journey, familiarising yourself with vital financial terms becomes crucial. One such term is the RBI financial year, also known as the accounting year. This comprehensive guide by Tap Invest, your one-stop platform for exploring fixed-income investments like asset leasing, invoice discounting, and bonds, will delve […]
Understanding Money Market Instruments: Types, Features, and Benefits
Money markets are vital components of the financial system, providing short-term liquidity and supporting the overall economy. This guide will explore the money market’s components, functions, features, and instruments and outline the differences between money and capital markets. Money Market Meaning: The money market refers to a financial market segment where financial instruments with high […]
Golden Rules of Accounting: A Complete Guide
In finance, accounting forms the backbone of all business operations. Whether managing a small business, studying finance, or handling corporate accounts, understanding the golden rules of accounting is crucial. These rules are the cornerstone of double-entry bookkeeping, helping ensure that every financial transaction is recorded accurately and consistently. What Are the Golden Rules of Accounting? […]
All About OD Against FD: Terms, Interest Rates, and Eligibility
Introduction: Understanding OD Against FD When it comes to managing liquidity, many investors look for options that provide easy access to funds without breaking their long-term investments. One such option is “OD against FD” or Overdraft against Fixed Deposit. This facility allows investors to withdraw a certain amount against their fixed deposits without liquidating them. […]
Guide on Section 194 of Income Tax Act: TDS on Payment of Dividend
Under Section 194 of Income Tax Act, TDS is applicable when payment is made to the payee or credited to their account.