Finances

Difference between Capital and Capitol

Difference between Capital and Capitol
The word Capital actually has a few different meanings including a place where the country’s major legal decisions take place, uppercase letters in grammar, punishments that include execution, and something...

Life Insurance vs General Insurance

Life Insurance vs General Insurance
Life Insurance and General Insurance are two different types of insurances. The primary difference between is that life insurance protects against life, whereas general insurance protects against loss or...

Cash Credit vs Overdraft

Cash Credit vs Overdraft
Cash Credit and Overdraft are types of credit that businesses can avail from a bank or similar institutions. The main difference between Cash Credit and Overdraft is that overdraft is extended on an existing...

Fiscal Year vs Financial Year

Fiscal Year vs Financial Year
The terms Fiscal Year and Financial Year are synonymous, i.e. meaning the same thing. They are a period that governments use for accounting and budget purposes. However, they are also the duration on which tax...

Tax Exemption vs Tax Deduction vs Tax Rebate

Tax Exemption vs Tax Deduction vs Tax Rebate
A tax exemption exempts certain things, so that no tax must be paid on it. Tax deduction is an amount that is deducted from the total income of the person. Tax rebate, also known as tax refund, is a refund of...

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