Exempt-Exempt Tax

November 11, 2015

Under the Exempt-Exempt Tax (EET) principle, the contributions towards certain savings are deductible from income (this represents the first ‘E’ under the EET method), the accumulation/accretions are exempt (free from any tax incidence) till such time as they remain invested (this represents the second ‘E’ under the...

What are Government Monopoly sectors in India?

October 17, 2015

Under 1991 policy, only eight industries were reserved for public sector. This number was further brought down and current position is that only Atomic Energy and Railways are Government monopoly industries in the country. There have been proposals for allowing private control in atomic energy sector also...