TDS on Property Sale in India – Section 194IA

Mr. P Chidambaram has introduced section 194IA in the budget 2013-2014. With the introduction of section 194IA, TDS at the rate of 1% is to be deducted on sale of property transactions by the buyer while paying consideration money to seller. Section 194IA is applicable with effect from 1st of June 2013. Section 194IA states … Read More » "TDS on Property Sale in India – Section 194IA"

ADR – Understanding American Depository Receipt

ADR is an acronym for American Depository Receipt. It’s actually an instrument which is issued by US depository bank and traded at stock exchanges in the US. Each American Depository Receipt or ADR represents certain fixed number of shares of a foreign company whose shares are listed and traded outside US. By investing into American … Read More » "ADR – Understanding American Depository Receipt"

GDP – How Gross Domestic Product is measured

GDP or Gross Domestic Product is an indicator to measure the economic production and growth of a country. The term “Domestic” used in Gross Domestic Product indicates that it measures production that takes place within the country’s border. Economist suggests GDP as a best measure to understand a country’s economy. In this article, we have … Read More » "GDP – How Gross Domestic Product is measured"

Why different Posting keys for sub ledgers – Can we create our own posting key

Every day more than thousand financial documents are created and posted in sap. To get these transactions posted into sap, we require posting key to make it either a debit entry or credit entry. For recording these transactions, SAP has delivered standard posting keys for use instead of letting you define a new one. Based … Read More » "Why different Posting keys for sub ledgers – Can we create our own posting key"

How many Posting periods can be kept open at a time in an organization

Ledgers and sub ledgers are kept open for posting of your financial transactions into sap. However, to avoid incorrect posting to some other periods or months, SAP has given flexibility of opening and closing posting periods by which we can open and close any month for a relevant year based on our business requirements. You … Read More » "How many Posting periods can be kept open at a time in an organization"

Why trademark registration is so important for your business

Imagine for a moment that you have developed a new design and worked for years to make that design a popular brand and then someone has copied or steals your ideas to make it his own design. Protecting your design or business name through trademark registration should be the first step and is the best … Read More » "Why trademark registration is so important for your business"

What is Term Deposit – How it works in India

Banks and post offices are offering different investment scheme for an individual to invest their ideal money to get higher return for future. In out previous articles we have discussed about Public Provident Fund, Fixed deposit and Insurance schemes. Today in this article we will know what is term deposit and how it can be … Read More » "What is Term Deposit – How it works in India"

5 things to remember while choosing your health insurance plan

Medical emergencies like diseases, sickness and accidents may result in prolonged hospitalization. This may increase your medical treatment expenses beyond your budget limit. Due to rising medical cost, health insurance has become an indispensable tool in today’s world. To avoid financial crisis in future, you can avail a health insurance policy for taking care of … Read More » "5 things to remember while choosing your health insurance plan"