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Day 9 About Basic Finance and Accounting Concepts Here's Some New Concepts 2. Non-Current (Long-Term) Liabilities Non-current liabilities are long-term debts that are due beyond one year. These are generally used to fund large purchases or investme

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

What's a scam that's so normalized that we don't even realize it's a scam anymore? Me- Taxes. Once you tax the income, why is there a tax again in the name of GST? Whatever the shop / company earns they can give it as income tax. This approach n

💸25 Basic terms you should know before watching Budget 2025 on Feb 1 Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2025, marking the second full budget of Prime Minister Narendra Modi’s government in its third term, a

Trump’s new executive order cutting tariffs on metals, pharma, and other goods 🔑 Key Highlights of the Order Tariff Cuts: Over 45 product categories to see reductions, including: 1. Metals: Nickel, gold, graphite (important for stainless steel

A sin tax is an excise tax levied on goods and services like tobacco, alcohol and gambling, which are deemed harmful to people. The tax aims to reduce or eliminate the use of such products by making them more expensive to buy. The government is expec

Union Budget 2024-25: Key Highlights for Startups and MSMEs 🚀 Finance Minister Nirmala Sitharaman mentioned 'startup' just twice in her speech, but there's plenty for the startup ecosystem, manufacturing, and MSMEs in this budget! Here's the scoop:

India Union Budget 2025 Highlights 🚀 Taxation Reforms: ✅ Income tax exemption limit raised to ₹12 lakh (up from ₹7 lakh) ✅ Revised tax slabs for incomes above ₹12 lakh to simplify structure and reduce burden 🌾 Agriculture Boost: ✅ New 6-year miss

Zomato Finances of this year::: Revenue: 5405 cr Expenses: 5533 cr Loss:128 cr Non operating income (invested in FD, IPO and from other places): 252 cr Income- Loss=124 cr After tax: 59 cr Means, Zomato is earning from interest and FD's than actual

Income Tax Return Filing When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individual’s total income for the current financial year. This increase in incom