What is the Full Form of PUC in Insurance?
The PUC Full Form in Insurance is Pollution Under Control certificate. This certificate is a crucial document that verifies a vehicle’s emission levels. Whether you own a car or a bike, whether for personal or business use, possessing a PUC certificate is mandatory. Fuel-powered vehicles emit harmful chemicals, such as carbon monoxide, making it essential…
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What is the full form of TCS in Income Tax?
The TCS Full Form in Income Tax is Tax Collected at Source. This term is integral to the Indian income tax framework, which employs a dual system for tax collection: Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). While TDS pertains to income from salaries, interest, and rent, TCS focuses specifically on…
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Top 10 Biggest Business Groups in India: A 2024 Overview
Business groups, or conglomerates, are integral to the economic landscape of any country, and this is certainly true for India. Over recent decades, these massive business groups have played a pivotal role in propelling India’s economy to new heights. Today, we will explore the top 10 biggest business groups in India as of 2024, each…
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Understanding the Advantages and Disadvantages of Departmental Accounting
Departmental accounting is a method of organizing financial data by dividing it into distinct divisions or departments within a business, company, or organization. While this approach is relatively common, it is not suitable for every type of organization. To better understand why this is the case, let’s delve into the advantages and disadvantages of departmental…
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Top 10 List of Leading Nidhi Companies in India
Under Section 406 of the Companies Act, 2013, Nidhi companies are recognized and regulated entities in India. These specialized financial institutions play a crucial role in providing financial services to individuals who might be underserved by traditional banks. Although Nidhi companies operate on a smaller scale compared to conventional banks, their significance cannot be overstated.…
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