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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

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

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

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

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

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:

Wanna hear a CRAZY story? Back in the day, during the historic Apollo 13 mission, astronaut Commander Jack Swigert faced a hilarious yet serious dilemma. Commander Jack had joined the Apollo 13 crew at the last minute and found himself mid-mission

🎯 130 Most Consumed Financial Terms in Business or Startup World 🌎 ( Part - 4 ) 571. Pareto Efficiency 572. Price-to-Free Cash Flow Ratio (P/FCF) 573. Financial Inclusion 574. Supply and Demand Curves 575. Economic Moat 576. Capital Le

Top News of the Day: 1. Sachin Tendulkar pads up to venture out with a new sports brand 2. Hindenburg’s latest charges spark fresh plea in Supreme Court on Sebi’s Adani Group investigation 3. Texas judge in lawsuit by Elon Musk's X against adverti

🎯 Top 130 Most Consumed Financial Terms In Business or Startup World 🌍 ( PART - 1 ) 1. EBITDA 2. ROI 3. Revenue 4. Profit Margin 5. Cash Flow 6. Net Income 7. Gross Profit 8. Operating Expenses 9. Balance Sheet 10. Income State