What is a Trust and how it is formed?
Section 3 of Indian Trust Act 1882 provides that “A Trust is an obligation annexed to the ownership of the property, and arising out of a confidence reposed in and…
Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
Section 3 of Indian Trust Act 1882 provides that “A Trust is an obligation annexed to the ownership of the property, and arising out of a confidence reposed in and…
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girl children in India, designed to promote their welfare and education. It allows parents or legal guardians to open…
Overview: The Finance Act, 2023, introduced significant amendments to Section 115BAC of the Income Tax Act, effective from the Assessment Year (AY) 2024–25. These changes designate the new tax regime…
Updated: As per the amended finance act 2020 Any gain arising on the transfer (by sale or exchange) of the capital asset is known as a capital gain. Capital gains…
Acceptance of deposits and maintenance of deposit accounts is the core activity in any bank. Para banking activities are the activities carried out by the bank which are apart from its…
IntroductionUnder Section 14 of the Income Tax Act, 1961, the total income of an individual is classified under five distinct heads. This classification facilitates proper computation of taxable income and…
Introduction The Indian Income Tax system encompasses a wide array of concepts, procedures, and compliance requirements. To assist taxpayers and students of taxation in navigating this complex framework, the following…
(This post evaluates 10 widely preferred tax-saving instruments eligible for tax deductions under old tax regime- section 80C and also discusses here some of the important deductions under Section 80C,…
Revised Income Tax Slab Rates for FY 2025-26 In Budget 2025, Finance Minister Nirmala Sitharaman announced significant changes to the income tax structure. One of the most notable highlights was…





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