Market capitalization means the aggregate value of the company based on its current market price and the total number of outstanding shares.Mathematically its calculated by using following formula;Market capitalization = (Current market price of the share)*(total number of outstanding shares)Now the question is “why is market capitalization so important?”There … [Read more...] about Top 25 companies in India by Market capitalization
Resolution to ratify pre-incorporation contracts and preliminary expenses- Sample
Pre-incorporation contracts are agreements entered between the promoters and different parties before the company's incorporation. These are mainly related to the incorporation process of the company and incidental activities thereto. Such types of pre-incorporation contracts are also referred to as ‘preliminary contracts'. It can be to acquire some property or right … [Read more...] about Resolution to ratify pre-incorporation contracts and preliminary expenses- Sample
Annual information statement (AIS) in income tax-All you need to know
Information about various financial transactions executed by a person in India is obtained by the tax department from various sources based on his/her PAN details. These financial transactions are consolidated in Annual Information Statement, also referred to as AIS, by the I-T department.AIS is a financial summary of the taxpayer with the income tax department.Note: … [Read more...] about Annual information statement (AIS) in income tax-All you need to know
Taxation of Savings Account Interest: Limits, Deductions, and Reporting Requirements
Bank pays interest periodically for the money kept in your savings account. Interest on saving account is automatically credited based on the balance maintained in your A/c.However, due to busy schedules, many taxpayers never look into their savings account statements to find the amount of interest credited.Interest on the savings account is calculated daily on the … [Read more...] about Taxation of Savings Account Interest: Limits, Deductions, and Reporting Requirements
Trading Session: Opening and closing time of BSE and NSE share markets
Trading session is a period starting from the market's opening bell to its closing bell. It's the primary daytime trading hours of a stock exchange. Beginners should be aware of trading session hours for any financial securities that they are interested in trading.Different markets such as futures, currencies, commodities and stocks have different trading sessions for a … [Read more...] about Trading Session: Opening and closing time of BSE and NSE share markets