Sessions Court definition: In India, the Court of Sessions, commonly referred to as Sessions Court, has been established by the state government for every sessions division and it is presided over by a Sessions Court judge.
Protem Speaker definition: There are several instances when the Supreme Court had to issue orders directing a Protem Speaker to be appointedin a state legislative assembly to carry out specific functions
Short Term Capital Gains Tax meaning: The gain or profit from the sale of assets is classified as a capital gain. The tax for this capital gain needs to be paid in the year that the asset transfer takes place. So, what is Sho
Fiscal policy in India: Fiscal policy is the guiding force that helps the government decide how much money it should spend to support the economic activity, and how much revenue it must earn from the system, to keep the wheel
Section 80C explained: Did you know that Section 80C, under the Income Tax Act 1961, helps you reduce the tax burden by allowing a deduction from the total taxable income in a financial year? Section 80C is a popular choice i
Anti-Lock Braking System meaning, benefits: How does Anti-Lock Braking System work? Do ABS brakes stop faster? Which is better ABS or non-ABS? In this definition of the Anti-Lock Braking System, we seek to answer these common
Power steering meaning: The steering system of a vehicle is one of its key components. In a hydraulic power steering system, the effort required to turn the wheel of a vehicle by the rotation of the steering wheel is reduced
Receipt Budget meaning: The Receipt Budget is an extensive document prepared as a part of the Union Budget of India exercise to showcase the break-up of the government's receipts from various income sources.
Securities Transaction Tax meaning: Securities Transaction Tax, also referred to as STT, is a tax that is levied on the purchase or sale of shares and other trade-able securities of the companies listed on the stock exchange.
Income Tax simple definition: Wondering what is income tax and how does it work? Income tax in India is a tax paid by individuals or entities depending on the level of earnings or gains during a financial year.
Demand for Grants definition: Wondering what demand for grants is all about? It is a well established principle among modern democracies that no money can be withdrawn from the exchequer of the country without the authority o