Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Property

Tax clearance (37-1)

One of the fundamental principles of finance is the Income Tax Act of 1961. This act states that any lease transaction that lasts for at least 12 years or any sale transaction above a certain value must be approved by the Income Tax Appropriate Authority, as per the prescribed process. This involves submitting a joint application by the parties involved, along with the required processing fees. The clearance process can take up to three months, and without it, the sale transaction cannot be finalized. This process is commonly referred to as the 37-(I) clearance, named after the application form used.

Explore other categories
All terms and concepts related to the precious metal gold, including its price, trading, investment,
Learn More
All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m
Learn More
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
Learn More
All terms and concepts related to technical analysis in finance, which involves using historical pri
Learn More
All terms related to the basic goods used in commerce that are interchangeable with other goods of t
Learn More
Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
Learn More
All terminologies and concepts related to financial derivatives, including options and futures contr
Learn More
Investments that provide regular, fixed payments, such as bonds and treasury bills.
Learn More
All terms and concepts related to stocks, also known as equities, which represent ownership shares i
Learn More
Terms related to decisions and events initiated by a company that can impact its stock, such as divi
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link