
Electronic Brakeforce Distribution definition: EBD is an extension of the Anti-Lock Braking System (ABS). It ensures that the right amount…
Protem Speaker definition: There are several instances when the Supreme Court had to issue orders directing a Protem Speaker to…
Finance Bill meaning: The Finance Bill is a part of the Union Budget, stipulating all the legal amendments required for…
Short Term Capital Gains Tax meaning: The gain or profit from the sale of assets is classified as a capital…
Form 16 meaning, Form 16A, Form 16B download: Form 16 is a crucial document for a salaried individual, especially if…
Fiscal policy in India: Fiscal policy is the guiding force that helps the government decide how much money it should…
Section 80C explained: Did you know that Section 80C, under the Income Tax Act 1961, helps you reduce the tax…
Expenditure Budget definition: Expenditure Budget provides complete information about the total expenditure of the Union government in a financial year.
Customs Duty definition: We shall look into its various aspects such as how Customs Duty is calculated, different categories that…
Reverse Repo Rate definition: The Reverse Repo Rate is an important Monetary Policy tool used by the Reserve Bank of…
Anti-Lock Braking System meaning, benefits: How does Anti-Lock Braking System work? Do ABS brakes stop faster? Which is better ABS…
Power steering meaning: The steering system of a vehicle is one of its key components. In a hydraulic power steering…
Receipt Budget meaning: The Receipt Budget is an extensive document prepared as a part of the Union Budget of India…
Securities Transaction Tax meaning: Securities Transaction Tax, also referred to as STT, is a tax that is levied on the…
Revenue Deficit definition: Revenue deficit arises when the government’s revenue expenditure exceeds the total revenue receipts.
Income from House Property in India: The income arising out of a house property either in the form of a…
Income Tax simple definition: Wondering what is income tax and how does it work? Income tax in India is a…
Centrally Sponsored Scheme meaning: The category of centrally sponsored schemes comprises programmes that have a national character or a regional…