MBBS (Bachelor of Medicine, Bachelor of Surgery) in India is a 5.5-year professional undergraduate degree required to become a doctor, consisting of academic study plus a compulsory one-year internship. Eligibility Criteria Academic qualification: Must have passed 10+2 (or equivalent) with Physics, Chemistry, Biology/Biotechnology, and English. Minimum marks: 50% for General category, 40% for SC/ST/OBC, 45% […]
Non-profit companies registered under Section 8 of the Companies Act, 2013 Non-profit companies registered under Section 8 of the Companies Act, 2013 in India are established for promoting charitable objectives. These companies do not aim to generate profits and instead focus on various activities aimed at social welfare, charitable purposes, and other objectives beneficial to […]
House Rent Allowance tax exemption is a widely used benefit employers provide to employees to help them with their rental expenses. HRA can be claimed under Section 10(13A) of the Income Tax Act, 1961, for rent paid for accommodation, but specific guidelines and conditions must be met to avail of this exemption. One such situation […]
What is a Non-Banking Financial Company (NBFC) A Non-Banking Financial Company (NBFC) is a type of financial institution that provides financial services similar to traditional banks but does not hold a full banking license. NBFCs are regulated by financial regulatory authorities in their respective countries. Here are some key characteristics of NBFCs: 1. Financial Services: […]
The Full Form Of DTAA The Full form of DTAA is the “Double Taxation Avoidance Agreement.” DTAA is an agreement between two countries That aims to eliminate or reduce the double taxation of income or wealth that may arise when a taxpayer is a resident of one country but earns income or holds assets in […]