Every person by birth becomes the member of HUF. Unmarried daughter is member till her marriage. After marriage she will become the member of in law’s HUF(s). A Coparcener is a member…
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A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When investor…
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New tax regime will be the default tax regime. However, taxpayers can opt for the old regime. A tax rebate has been introduced under the new tax regime on income up…
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A Will or testament is a legal declaration by which a person, the testator, names one or more persons as the executor to manage his/her estate and provide for the…
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NACH, or the National Automated Clearing House, was a system introduced by the National Payments Corporation of India, for interbank, high volume, electronic transfers, which were periodic in nature. The NPCI…
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The SARFAESI Act full form is – “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. The SARFAESI Act allows banks and other financial institutions for auctioning…
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