#Kuchbhi
What is Deferred Tax?
Deferred tax often looks like a small line item in the notes to accounts, but it carries a lot of meaning for anyone reading financial statements. It links today’s reported profit with tomorrow’s tax bill and explains why the tax paid to the government is different from the tax expense in the profit and loss […]
What is Direct Tax?
Picture a regular working day in India. Salary comes in, EMIs go out, school fees are paid and then there is one more line in the bank statement – tax paid to the government. That quiet entry is not just money leaving an account. It is part of a system that keeps roads running, trains […]
What is dividend policy and what factors affect it?
Introduction Let’s say you own a bakery. It’s doing well, and after paying for flour, staff, electricity and everything else, you’ve got some money left. Now the big question is – should you keep all that money in the business, or share some of it with your family who helped you build it? This decision […]
What is Excise Duty?
Excise Duty sounds technical but it quietly shapes the price of many things people use every day. From a litre of petrol to a packet of cigarettes this tax sits inside the final price on the bill. Even though GST has replaced many older taxes Excise Duty still lives on for a few important products. […]
What is Fiat Money?
Take a moment and look at the money in your hand — maybe a ₹500 note, maybe the balance you see in your banking app. It’s just paper and numbers. No gold backing it, no silver locked away somewhere. Yet, it can buy food, pay rent, and settle bills. Why? Because we all believe it […]
What is financial planning?
Introduction Look, money talks can get really confusing, and most of us just wing it and hope for the best. But financial planning? It’s really just sitting down and figuring out how to use your money so you don’t get stuck when life throws some surprises. Think about planning a wedding in your family. You […]
What is financial planning, and why is it important?
Introduction On a quiet evening in Bhopal, Sanjana arranged school fee receipts, rent slips, and her father’s pharmacy bills on the dining table. Income arrived on the first of every month, yet the numbers felt scattered. Her neighbour Kabir suggested a plain exercise. Write each goal, assign a date, and give every rupee a job. […]
What is a Flexi Fixed Deposit and how does it work?
A Flexi fixed deposit links a customer’s savings account to a fixed deposit so idle money doesn’t sit quietly. When the balance crosses a chosen limit, an auto sweep facility moves the extra amount into a deposit to earn FD-level returns. When funds are needed, the bank “sweeps in” just enough back to the account. […]
What is Form 10BA?
For many salaried and self-employed individuals who live in rented accommodation and do not receive House Rent Allowance, tax relief under Section 80GG becomes very important. However, this deduction is not automatic. The Income Tax Department requires a specific declaration in Form 10BA before the claim is considered. When this simple step is missed the […]