Surcharge in Taxation: Definition, Meaning, and Applicability
Introduction to Surcharge If any individual falls in the higher income category, the Income Tax Department of India…
Merchant Banking: Definition, Functions and Advantages
What is Merchant Banking? Merchant banking refers to a specialised financial service that is provided by banks or…
Meaning and Definition of Wealth Management
What is Wealth Management? Wealth management refers to a financial service or assistance to affluent clients. This is…
Ratio Analysis: Definition, Meaning, Key Uses, and Types of Financial Ratios
Understanding Ratio Analysis Ratio analysis refers to a method that is used to evaluate and compare the financial…
AMT: Full Form, Meaning, Definition, Applicability, and Exemptions of Alternative Minimum Tax
What is Alternative Minimum Tax (AMT)? The Alternative Minimum Tax (AMT) refers to a separate tax that ensures…
Advance Payment: Definition and Importance
What is Advance Payment? Advance payments refer to the amount of money that is paid before the final…
Cess on Income Tax: Definition, Meaning, Eligibility, and Types
What is Cess on Income Tax? Cess on Income Tax is an additional tax imposed by the government…
Cyclical Unemployment: Definition, Causes and How to Calculate
What is Cyclical Unemployment? Cyclical unemployment refers to the type of unemployment that occurs because of the fluctuations…
What is Imprest?: Definition, Meaning and Process
Understanding Imprest Imprest refers to a financial system that a company uses to manage small, frequent expenses within…
Authorised Capital: Definition, Purpose and Difference
What is Authorised Capital? Authorised capital refers to the maximum amount of shares that a company is legally…