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Banking, Finance & Taxation

Banking, finance & taxation is a very vast field and includes a plethora of issues such as  :

Loan Agreement - A binding agreement between two or more parties to formalize a loan process is known as a loan agreement. Loan agreements are of various types such as simple promissory notes between friends and family members as well as more detailed contracts like mortgages and credit card loans. A typical loan agreement includes covenants, guarantees, interest rate terms, and the duration over which it must be repaid. click here to read more

Recovery cases - The collection of over dues that are recovered on an installment basis depending on the nature of the business is known as recovery. Fair practices in accordance with industry norms are followed to collect the dues and promote customer’s confidence resulting in long-lasting relationships with the Bank or NBFC. click here to read more

Cheque dishonor/cheque bouncing issues - A cheque is considered to be dishonored or it bounces when it is presented for payment but due to reasons such as  insufficient balance in the account, overwriting or expired validity of the cheque. In India, cheque bounce cases are very common with close to 30 lakh cheque bounce cases pending as per reports of the honorable Supreme Court.  click here to read more

Custom & Excise duty –  Excise duty is an indirect tax paid to Government of India imposed on goods for their production, licensing, and sale.  Earlier, Excise duty used to be levied as Central Excise Duty, Additional Excise Duty, etc at the central level. Now, it has been subsumed under GST. Customs duty is a type of indirect tax that is levied on the goods that are imported to the country. Custom Duty in India is governed by the Customs Act, 1962.  click here to read more

Foreign Direct Investment (FDI) - Under FDI, overseas money is invested in an Indian company either by an individual or entity. According to Organization for Economic Co-operation and Development, an investment of 10% or above from overseas is considered as FDI. In India, FDI policy is regulated under the Foreign Exchange Management Act, 2000 governed by the Reserve Bank of India.  click here to read more

Issues under the GST Act – Issues under the GST Act include various issues such as fake or wrong invoices, tax evasion, fraud and supply or transport of goods. click here to read more

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