Sole proprietorship ended because of the following limitations: Limited resources: The sole trader has to depend on his own earnings or he can .borrow from ...

Sole trader organization is the oldest form of organisation, and the most common form of small business is the sole trader organisation. It is also called ...

A joint stock company is an association of persons who are registered under, Companies Act for carrying on some business. As per the Indian Companies Act, it ...

Special features of a cooperative form of organisation are as follows: Voluntary association: Any person can be a part of such an organisation and ...

Cooperative organizations basically work to provide self-help and mutual help. The primary objective of any cooperative organization is to provide service to ...

Gross Total Income : Gross Total Income means total income as computed in accordance with the provisions of this Act, before making any deduction under Chapter ...

Person : Person includes the following— An individual (i.e. a human being). It includes a minor or a person of unsound mind. A Hindu Undivided Family (as ...

Short-term Capital Asset : It is an asset held by the assessee for not more than 36 months, immediately prior to the date of transfer. In other words, ...

Internal Trade: Internal trade takes place within the boundaries of the country. Buying and selling of goods takes place within the country and payment for the ...

Business is established when an individual or a group of individuals decide to start something on their own. Legal formalities like registration are to be ...