The arrival of joint-stock companies was indeed a revolutionary step in the industrial scenario of the Indian economy. The Companies Act that came in 1956 to govern joint-stock companies in India was recently replaced by an improved and enhanced Act passed in 2013. Even 6 years later, there are a Read more
There is a sudden craziness and demand behind cryptocurrencies all over the year since the past few years. Its ease of transaction, transparency, frequent price fluctuations, unregulated nature, the impossibility of double-spend and many more factors have contributed to the popularity of cryptocurrencies over the past few years. Cryptocurrency A Read more
The pathways in the development of alternative financial institutions or interest-free banks were discussed in the previous part. let’s see the theoretical aspects of an interest-free bank. How does an interest-free bank work? There are mainly two methods of operation following Interest-free banks. Musharakah and Mudarabah Mudarabah Mudarabah is a Read more
Interest-free banking aka Islamic banking aka Alternative banking has always been a heated topic of discussion amongst world economists. The capitalist economists usually term interest as a fair and equitable ideal but the rest of the world has always indexed to the damages it causes to the plight of the Read more
Transactions not regarded as a transfer We’ve already discussed the sale of capital assets, and the tax implications of such sales. Capital gains tax is an ocean and there are a lot of clauses governing its applicability, exceptions, and exemptions. There are some transfers which are not regarded as transfers Read more
Income from the sale of property attracts a huge tax liability and is hence observed as a terror by the public at large. Most people sell off their assets to improve liquidity; either to cater to immediate financial needs or to meet asset replacement costs. In any case, spending a Read more
Sri. Arun Jaitley, the Finance Minister of India spoke in the budget speech 2018 regarding the importance of taking care of the weaker sections of the society. He said; “A life with dignity is a right of every individual, in general, more so far the senior citizens. To care for those Read more
