What are the deductions under section 80C of Income Tax Act?
Section 80C of the Income Tax Act of India is a clause that points to various expenditures and investments that are exempted from Income Tax. It allows fo...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
What are non allowable deductions?
Non-allowable deductions No deduction is allowed for expenses of a capital, private or domestic nature, or expenses incurred in gaining or producing exemp...
Read More →How do you fill out a bill of exchange?
A bill of exchange normally includes the following information: Title. The term “bill of exchange” is noted on the face of the document. Amount. The amoun...
Read More →What country is the US biggest trading partner?
China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. Which country is th...
Read More →How do I write a proposal letter for distributorship?
Respected Sir/ Madam, My name is __________ (name) and I am ________ (designation) of ________ (company name). I am writing this letter to request you for...
Read More →What is the top export product of the Philippines during 2019?
Electronic Products Electronic Products continued to be the country’s top export with total earnings of $3.23 billion. This amount, which accounted for 55...
Read More →What does Crown Hallmark mean?
Gold Standard The next mark we see is a Crown or Gold Standard Mark. This again tells us the item is gold. An oval stamp would indicate the item is silver...
Read More →Does free trade create peace?
Free trade also encourages people and nations to live in peace with one another. Free trade raises the cost of war by making nations more economically int...
Read More →Can foreigner register company in China?
Can Foreigners Own Companies In China? The answer is, “yes.” They can own companies by incorporating them in China. For example, a foreigner can incorpora...
Read More →How much did gold cost during the Gold Rush?
Gold was worth $20.67 per ounce in 1849; how much was their total gold worth in dollars? Who became the richest person from the California Gold Rush? Bran...
Read More →