: For Finance Professionals & Students

Charge on pledge of assets

Section 172 of the Indian Contracts Act, 1872 defines a pledge as:

“The bailment of goods as security for payment of a debt or performance of a promise is called “pledge“.” *(Section 172, Indian Contract Act, 1872). The bailor is referred to as the “pawnor/ pledgor” and the bailee as the “pawnee/ pledgee”. Bailment means delivery of goods by one to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering the them.

Why you need TDS certificates when Form 26AS provides all information

One can gather all information related to TDS in Form 26AS which is sufficient to file one’s return. This might make you doubt the importance of TDS certificates but the rationale behind introducing Form 26AS is to enable the taxpayer to cross check the details mentioned in his/her TDS certificates with those mentioned in Form 26AS and create transparency. TDS certificates are important because :

Corporate Governance

Meaning of Corporate Governance:

The Institute of Company Secretaries of India Corporate governance is the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility for sustainable development of all stakeholders.

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