Takshila Learning - Online Tutorials

What is a Negotiable Instrument and Types?   NEGOTIABLE INSTRUMENTS is a very interesting topic in Economic, Business, and Commercial Law, which is also part of our CS Online Coaching Class. The following is explained:   What is Negotiate Instrument?   A "negotiable instrument" means a promissory note, a bill of exchange or a check payable either to the ordering party or to the holder.   TYPES OF NEGOTIABLE INSTRUMENTS   Negotiable instruments recognized by statutes: the Negotiable Instruments Act mentions only three types of negotiable instruments (Section 13).   These are the following: i. Promissory Notes ii. Bills of Exchange, and iii. Cheques   Negotiable instruments recognized by the use or customs of trade: certain other instruments have acquired the characteristic of negotiability through the use or customs of trade.   For example, Exchequer bills, banknotes, Share warrants, Circular notes, Bearer debits, Dividend warrants, Share certific...

WHAT IS TAX? A budgetary charge or other duty forced upon a citizen (an individual or legitimate element) is called as Tax, gathered by a state or what might be compared to the equivalent, to such an extent that inability to pay, or avoidance of or protection from an assortment of assessment is deserving of law. A few managerial divisions additionally force charge. Charges comprise of immediate or aberrant assessments and as a standard are paid in cash. The Tax framework in India is mainly a three-level framework that is based on the Central, State Governments, and the neighborhood government foundations. As a rule, these nearby bodies take in the neighborhood committees and the districts. As per the Constitution of India, the administration can practice the option to impose charges on people and associations. Contrarily, the constitution expresses that nobody has the option to require or charge charges with the exception of the authority of law. The law passed by the council or the pa...