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Introduction to Financial Derivatives - Basic Understanding

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 In today's post we will introduce you the Financial Derivatives in the Indian Financial Market. So, What exactly is a Financial Derivative??  Derivatives are Financial Instruments that derive their value from other existing Asset Classes. The term Derivatives indicates the instruments derives its values entirely from the asset it represents. Given Below are the type of Asset Classes :  - Equity,  - Bullion,  - Currency,  - Commodity,  - Realty,  - Rate of Interest and  - Livestock. When you invest in Derivatives ,  you actually place a Bet on whether the value of the asset represented will increase or decrease  by a certain percentage and within a set period of time. There are 3 types of participants in a Derivatives Market: 1. Speculators - Speculators are the High Risk Takers . they take risk to earn profits by Buy in low and Sell in High or First Sell in High and later Buy in Low. 2. Hedgers - Hedgers are cautious players who p...
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Non-Profit Organisation (NPO)

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Non-Profit Organisatoin’s (NPO) have played a crucial role in development of India. There are various NPOs that work all over India and for a wide range of causes.  The World Bank defines NPO’s as “private organizations that pursue activities to  relieve suffering,  promote the interest of the poor,  protect the environment,  provide basic social services, or  undertake community development.”  NPOs do not work for profit motive and apart from own sources, NPO utilises funds raised through donations. NPOs receiving foreign contributions in India come under the purview of Foreign Contribution Regulation Act, 2010 i.e. FCRA. Corporate Social Responsibility (CSR) is practical way to give back to society and NPOs are the best way to do this. NPOs can be registered in any of the applicable acts as mentioned below, according to the type of organisation chosen to be formed. Major laws and acts applicable to NPO are as follows – Society registered under Societ...
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Input Tax Credit ( ITC ) and Job Work - Practical Issues

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Q 1. When the goods of the principal are directly sent to the premises of the job worker, whether ITC can be taken by the said principal?   Ans.  Yes.  As per section 19 (2)  The principal shall be entitled to take ITC on inputs,  even if the inputs are directly sent to a job worker for job work without being first brought to his place of business.  The principal should avail the ITC based on proper tax invoice as issued under section 31 when the goods are delivered at the premises of the job worker by the supplier.  Q 2. What is the time limit for claiming ITC on capital goods sent from the principal’s place of business to job worker for job work?   Ans.  As per section 19 (4)  subject to such conditions and restrictions as may be prescribed (Rule 45),  The principal shall be entitled to take ITC on capital goods sent to a job worker for job work.  As per section 19(5)  Notwithstanding anything contained in section...
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