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What is Depreciation? Meaning and methods

Depreciation is the reduction in the value of assets due to wear and tear. It is a method of allocation of cost of the asset over its useful life. Every asset is subject to wear and tear in the normal course of …

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10 things to know about black money bill

Black money bill 2015

Undisclosed Foreign Income and Assets bill was passed in Lok sabha in May 2015 popularly known as Black money Bill 2015.  The purpose of this bill was to tax the illegal or undisclosed foreign income and assets. Black money refers to money …

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Service Tax Registration

Online registration for service tax is made compulsory for all assessee. Application for service tax registration has to be filed in form ST-1 which can be submitted online on ACES portal. The process for registration through ACES is as under Step – …

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How to pay TDS/TCS online

Step 1 – Go to https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp Step 2 – Select Challan No./ITNS 281 (Tax deducted at Source/ Tax collected at Source from corporates or non-corporates)   Step 3 – Select the type of deductees. Deductee is the person from whose payment you …

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