T&H is committed to support and help SME clients across the globe to overcome the impact of COVID 19 on their business. We focus on identifying the real issue in their finance, books and policies and advise on a turnaround strategy. Worried about your business? Feeling lost among rising debt? Read more…
As it is discussed and published in various articles, the new economic world order will be impacted by the effect of Novel Corona Virus or COVID 19. Due to the lockdown including in Kerala, most of the industries and businesses are seriously affected. It is sure that, in Kerala, many local and small Read more…
Central Budget 2019 targets Indian economy to touch $3 trillion mark in the year 2019-20 and being the third-largest economy. It covers all the major sectors of the economy. Taxpayers are benefitted through various tax deduction schemes and easier compliance policies. TAXATION The proposals made by the finance minister Simplifies Read more…
In a more creative step towards economic and social reformation of our country, the maiden budget of FM Smt Nirmala Sitharaman has proposed creation of a Social Stock Exchange to list charity, voluntary and welfare organizations in the country and help them raise funds in the form of equity or Read more…
With budget presentation done, it is high time for us to understand the importance of filing income tax return. Every person earning an income above the basic exemption limit is liable to pay Income Tax, no matter what the nature of income is! The income tax act applies to every Read more…
Indian banking laws do not explicitly prohibit Interest-free banking but there are provisions that make it an almost unviable option. Banks in India are governed under the Banking Regulations Act 1949, Reserve Bank of India Act 1934, Negotiable Instruments Act 1881, and the state and central Co-operative Acts. One of 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…
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…
The arrival of joint-stock companies was indeed a revolutionary step in the industrial scenarios 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…
