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Gift Deed Format in India

What is the agreement of a gift and how to make it?

In India, transfers of property as gifts are governed by the Transfer of Property Act of 1882. Gifting real estate means transferring ownership of the real estate to another person by signing a gift agreement. A gift agreement is an instrument by which the owner of the real estate or…
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Format of declaration under Section 13(1)(c) of Tax Act

Format of Declaration under Section 13(1)(c) of Income Tax Act, 1961

Section 13 of the Income Tax Act, 1961 (Income Tax Act) describes the situations in which the exemptions provided by Sections 11 and 12 would not be accessible to a Trust. Section 11 of the Income Tax Act addresses the exemption of income received from trust property or other legal obligations…
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Deduction in Respect of New Employees Recruited as per Section 80JJAA

Deduction in Respect of New Employees Recruited as per Section 80JJAA of Income Tax Act

Unemployment is a significant issue in every country. Section 80JJAA was enacted to increase employment and encourage individuals. Section 80JJAA allows you to claim a deduction for hiring new or additional staff. The clause has been included in the Income Tax Act, 1961 (Act) to encourage companies to hire new staff…
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Benefits of Insurance Policy

Glimpse on the Benefits of Insurance Policy

Insurance is the most effective risk management tool that can protect individuals and businesses from financial risks arising from various unforeseen events. Emotional and psychological loss can never be replaced, but at least financial loss can be replaced with insurance. Although there are uncertainties in life that you cannot mitigate,…
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Startup vs. corporate job: What's best for your career?

Start-up vs. Job – Question that doesn’t find the right answer

When comparing corporate and startup jobs, it is observed that both have their unique advantages and disadvantages. Startups are popular among freshers and even seasoned candidates for providing new experiences and opportunities. However, many people prefer to work in well-known companies and go for stable jobs. But these days, most…
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What Happens If I Don’t Pay Health Insurance Premium?

What Happens If I Don’t Pay the Health Insurance Premium?

Health insurance is a contract between a policyholder and an insurance provider where the insured agrees to pay premiums on time and in return the insurer agrees to offer health coverage. This indicates that you need to pay the premium on time to keep the policy active. But with your…
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FC-GPR Filing

Foreign Currency Gross Provisional Return (FC-GPR)

When a company receives FDI through equity investment, the company allots shares to the foreign investor and there is a basic reporting requirement with the RBI in the FC-GPR form. This form is issued by the Reserve Bank under the Foreign Exchange Management Act 1999. In this article, let us…
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Foreign Exchange Management Regulations

RBI: Foreign Exchange Management (Overseas Investment) Regulations, 2022

The Foreign Exchange Management (Overseas Investment) Regulations, 2022 were notified by The Reserve Bank of India on 2 August 2022. Under the new regulations, share capital purchased from a foreign entity will be treated as ODI and the payment of this consideration will be deferred for a specified period as…
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How Much Energy Goes into Bitcoin Mining?

How Much Energy Goes into Bitcoin Mining?

Since transactions are verified and added to the blockchain, a digital ledger, through the process of bitcoin mining, it is crucial to understand this component of the technology that underpins cryptocurrencies. The owners and operators of the computers that make up the decentralized Bitcoin network referred to as miners are…
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Impact of Bitcoin in society

How does Bitcoin Impacts Society?

Since Satoshi Nakamoto first unveiled Bitcoin, this digital money has had a significant impact on culture. Some people claim that Bitcoin is a substantial investment. Some people consider cryptocurrencies to be a fad. However, a portion of society views it as dormant digital money. What is known as cryptocurrencies, or,…
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