Category: NTA NET

10 MAJOR CHARACTERISTICS OF PLANNING

Dr. Toran Lal Verma

The managerial function of planning has certain unique characteristics of its own, which distinguish it from the other managerial functions. It also shares a few characteristics with other managerial functions. All the characteristics together reflect the nature of the planning function. They are discussed below: 1. The primacy of planning: Planning precedes all other managerial functions. The process of management Read More …

What is Decentralisation in Office Manangement

Dr. Toran Lal Verma

Decentralisation implies the location of office activities in different functional departments. It refers to departmentation of office services that is the dispersal of activities in different departments. Merits: Decentralisation is beneficial in the following ways: Secrecy of business affairs can be ensured if records are handled and filed on the department dealing with the matters. Greater efficiency output and lower Read More …

Important One-liners for Income tax for competitive exams

Dr. Toran Lal Verma

Capital Gains is taxable under section 45 (1) Section 54 relates with the capital gain exemption on sales of a house. Movable assets like car,refrigerator television etc are exempted from capital gains tax Rural agricultural land is not regarded as capital asset. Rural land if  10,000 – 1,00,000        =          2 KM 1,00,000 – 10,00,000    =          6 KM 10,00,000- Above Read More …