Difference Between Trust, Society and Section 8 Company

Selecting the appropriate legal structure for the charitable or non profit organization can be a perplexing task. Among the most common choices in India are Trusts, Societies, and Section 8 Companies. Each has its unique features and ...

Debit And Credit In Accounting And Banking

Understanding the fundamental concepts of “credited” and “debited” is crucial for both banking and accounting. These terms represent opposite actions when it comes to financial transactions. In accounting, “credited&#...

Co-operative Societies Meaning And Taxation Under Income Tax Act

Co-operative societies are profit-oriented entities which aim to obtain marketability for the products produced by agricultural and other labour-intensive businesses. Based on the recommendations of the Mirdha Committee and ...

Amongst the various types of taxes imposed by the State and Central governments, the Ad Valorem tax is a type of tax that is fairer in nature as it is imposed on the assessed value of the property under consideration.

What is Ad Valorem Tax?

Ad valorem tax is a type of tax that is ...

A key difference between trademark assignment and trademark licensing is that the assignment of a registered trademark is a change in ownership. Trademark licensing, on the other hand, is the transfer of certain rights (in a ...