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Showing posts from August, 2020

Donation and Income tax Provision

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  Since the last week, we all are celebrating one of most favourite festivals “Ganeshsotsva”. Maharashtra state in India is well known for its big & informative pandals and eco-friendly decorations. This year due to pandemic situation, every group/Mandal/trust is celebrating the festival with utmost care and taking all the possible measures for avoiding the crowd. Few organisers have organised the festival through online platforms with the live daily “Pooja” & “Aarti” (Prayers). On this occasion first, I would like to appreciate all the members of the “Ganesh Mandal” not only for their caring behaviour but also the work they have done for lonely senior citizens, poor people during the lockdown. During this period, these people worked fearlessly to satisfy the daily needs of old people who are living alone or needy ones. In India “Dan” means act of donating has played a very crucial role in the daily life. “Act of donating” is considered as the kind and compassionate behav...

Work from Home and Company’s Profitability – FMCG Sector

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On last Sunday, we have analysed the IT sector and concluded that in spite of the turmoil situation in the external world, IT sector has performed very well due to proper planning and execution of strategies by techno savvy staff. We are aware that most of the manufacturing companies have recorded the losses for the July 2020 quarter. In this Blog, we are going to analyse a manufacturing sector which has not only earned profit but also recorded the growth in profit or sales. FMCG – Fast moving consumer goods sector has enjoyed the tide of growth and profitability. Affordable prices and less time requirement for sales are the main two features of FMCG due to constant demand from the common man satisfying the daily demand needs. FMCG includes the goods which people consumes on the daily basis such as biscuits, refreshments, beauty products, personal care products etc. In simple words, the products which are featured mostly in the commercial breaks are the FMCG products. NSE has created...