DTAA – What is Double Taxation Avoidance Agreement in India

What is double taxation? Double taxation is the levy of tax by two or more countries on the same income, asset or financial transaction. This double liability is mitigated in many ways, one of them being a tax treaty between the countries in question. Let us try and answer some important queries you might have about such agreements/treaties. What is DTAA? A tax treaty between two or more countries to avoid taxing the same income twice is known as Double Taxation Avoidance Agreement (DTAA). This means that there are agreed…

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Know How to do KYC for Mutual Funds

The recent years have seen a phenomenal rise in mutual fund (MF) investments in India, with the Assets Under Management (AUM) crossing Rs. 23 trillion by February 2019, with more than three-fourths of it coming in the last 10 years. This is a signal that more and more people are taking financial planning seriously and are setting clear financial goals. When it comes to safe investment with above average returns, MF is the clear winner. The ease of investment, a buoyant market and an array of fund types to invest…

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Equity Market – Know Equity Meaning in Share Market

An equity market is a cluster of buyers and sellers of stocks, which represent ownership claims on businesses. ‘Stocks’ may include securities listed on a public stock exchange, or stocks that are only traded privately. Examples of private stocks include shares of private companies which are sold to investors through equity crowdfunding platforms. Stock market and share market are other names for an equity market. An equity market is not a physical facility or discrete entity. Stock exchanges list shares of common equity as well as other security types like…

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