"It should not escape notice that gold and silver after circulating in every other quarter of the globe, come at length to be absorbed in Hinduston"
Most of you know that our tax system is going to replaced by Direct Tax Code (DTC), sooner or later. I just tried to understand what it means to the common man and the others and im sharing the details to my understanding level. First of all, I want to make it clear that, DTC is not another amendment for the existing taxation system, but it is completely new one. In simple words, DTC is going to replace of Income Tax Act, 1961. In other way, most of the auditors’ knowledge will get outdated...
Indian financial system:
What exactly the Indian financial system. It is a very vast concept, it includes the many things which will take years to complete. I want to give brief introduction about indian financial system, up to my knowledge. Indian financial system basically includes the financial markets, financial instruments and financial intermediation. And those are further classified. Let us see the flavor of financial system……..
As you know market is a place...