In India, taxation on income is regulated under the Income Tax Act 1961. It is a form of an indirect-tax charged. This act provided sections and definitions according to the law applied to assess, justify, and charge income tax in India. Section (2) Definitions Agricultural income Amalgamation It means the merger of one or more … Read more
The quality of human life depends on human wellness and health. To nurture good health, people eat quality food, hit the gyms, do yoga and buy health insurance. Having an excellent well-being is a part of wealth creation. Health insurance is a contract between an insured person and the insurer in which the insurer or … Read more
Life is a precious gift and death is an universal truth that cannot be neglected. People cannot predict at what day they are going to die. People earn money to fulfill their wants, desires and upgrade their life. Also, humans have families to look upon and taken care of and among those are earning members … Read more
Insurance works as a financial cover to mitigate the loss of finance in the event of any uncertainty. There are certain risks that can’t be avoided and insurance companies provide insurance according to the nature of the risk. Hence, there are various types of insurance available to provide financial protection from those risks. Under these … Read more
Insurance Meaning It is a collaborative avenue to distribute the losses caused by a certain risk over the number of people who are exposed to the risk, and they agree to insure themselves against that risk. Also, insurance is a contract between two parties, where one party is the “insurer” and the other party is … Read more
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