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A resource site for beginners with easy to understand income tax, gst, and finance tutorials for mastering the basics and beyond.

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30+ Best Trading Quotes For Traders

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Trading quotes keep us motivated in difficult times.Fortunately we have great traders of the past and present to guide us. By reading trading quotes you can learn from experienced traders. We need these sometimes to remind ourselves that bad times will eventually pass.We have found the following best trading quotes for you. Although markets may change, this trading … [Read more...] about 30+ Best Trading Quotes For Traders

35+ best money quotes to inspire you

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Great quotes encapsulate great ideas in a few words. These words of wisdom might help you to achieve your financial goals.Money is important to everyone, since it's needed for everything in life. What you earn, how you manage your expenses, how you save and invest is all important to achieve your financial independence. Therefore, when you take control of your money, you … [Read more...] about 35+ best money quotes to inspire you

Domestic Company

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In simple terms, a domestic company is an orgnisation that is incorporated in and conducts its affairs in its home country. They are registered and liable to follow all the rules and regulation of the country where they are registered.As per Section 2(22A) of the Income Tax Act, 1961​, "domestic company" means an Indian company, or any other company which, in respect of its … [Read more...] about Domestic Company

Capital Asset

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 In India, Capital asset is defined to include:Any kind of property held by an assessee, whether or not connected with business or profession of the assesse.Any securities held by a FII which has invested in such securities in accordance with the regulations made under the SEBI Act, 1992. However, the following items are excluded from the definition of … [Read more...] about Capital Asset

Long term capital gain

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In simple words, gain arising on transfer of long-term capital asset is termed as long-term capital gain.Now, you have to understand what long term capital assets are.Capital asset can be short term or long term based on its period of holding.Any capital asset held by a person for a period of more than 36 months immediately preceding the date of its transfer will be … [Read more...] about Long term capital gain