Category: Finance

How to calculate Days Sales Outstanding – DSO

DSO Formula

How to calculate Days Sales Outstanding – DSO Objective: In today’s competitive world , it is important for any organisation to operate with minimum working capital . If company is buying raw material Read more […]

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What is Time Value of Money (TVM)

What is Time Value of Money

What is Time Value of Money . Background: We may have heard  from our parents, teachers and elders since our childhood that “Respect time as time is money”. We may be considering this as a good piece Read more […]

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Deduction of Interest on Loan taken for Higher Education

deduction of interest on loan taken for higher education

Deduction of Interest on loan taken for Higher education is probably very less known benefit provided by Income Tax Department. Now a days cost of higher education is soaring . Students take loan with Read more […]

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Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]

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Why Should I buy term insurance?

Term insurance

Why Should I buy term insurance? If an Insurance agent approaches you and want to explain you about term insurance.  What will be the first question that comes to your mind when you think about any insurance Read more […]

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How to take benefit of credit card balance transfer

Credit Card is such a tempting facility provided by bank that generally person use it without considering repaying capacity or sometime there could be genuine situation where no other source of finance Read more […]

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Practical aspects of Letter of credit

In the corporate world , you might have heard the word “Letter of credit or LC” . LC is really wide subject. I have try to cover Practical aspects of Letter of credit. Trust me this post is very useful Read

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Deduction of Interest on Housing Loan in case of co ownership

Deduction of Interest on Home Loan:  IF home loan is taken for the purpose of purchase, construction, repair, renewal or reconstruction, interest there on is allowed on accrual basis under section 24 Read more […]

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Pre construction period Interest on housing Loan

As per section 24 of Income tax Act, 1961, Interest on borrowed capital is allowable as a deduction if capital is borrowed for the purpose of purchase, construction,repair, renewal or reconstruction of Read more […]

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Effects of Jantri rates on Capital Gains

Section 50 C of Income Tax Act,1961 was inserted from Finance Act, 2002 w.e.f. 1st April, 2003 which states that While transferring any land or building or both if full sale value consideration is less Read more […]

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