There are so many opportunities and challenges attached to running and growing a business which is why you could often do with some help in the form of some essential tools that make the task easier. Administrative tasks such as dealing with TDS payments (tax deducted at source), legal contracts,
Meaning of Debit Note Debit Note is a document/voucher given by a party to other party stating that such other party’s account is debited in the books of sender. For example: A trader “ABC” purchases goods from “XYZ”. After receiving the material, ABC founds that the goods contain some defective
What is Depreciation? Depreciation is the reduction in the value of assets due to wear and tear. Every asset is subject to wear and tear in the ordinary course of its use and also with the passage of time. The cost of the asset is allocated over time and considered
What is National Skills Registry (NSR)? National Skills Registry is a scheme undertaken by NASSCOM, which is an head authority for all the IT / ITeS / BPO companies in India. NSR is an online database operated and maintained by National Database Management Limited (NDML) comprising furnished details of prospective
Professional Tax is a state level tax levied by State Governments. It is applied to individuals, who is earning by way of salary income or practising a profession such as CA, CS, lawyer, doctor, architect, engineer etc. Currently, this tax is applicable in Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Jharkhand,
What is Deferred Tax Asset and Deferred Tax Liability (DTA & DTL) In some cases there is a difference between the amount of expenses or incomes that are considered in books of accounts and the expenses or incomes that are allowed/disallowed as per Income Tax. A very common example of
Applicability This act applies to the whole of India except the state of Jammu and Kashmir. Formation The relationship of partnership arises from contract and not from status. The members of a Hindu Undivided Family carrying on a family business as such are not partners in such business. Where no
Practice Management Software for Chartered Accountants/Tax Professionals
Manage your practice efficiently. Save your team efforts and time. The only practical software in market with reasonable pricing.
GST Return Status Bulk Checker
Check GST return status of your client’s or suppliers in bulk. Check status of any number of GSTIN with single click. Only GSTIN is required of client or supplier. We use GSTN authorised APIs, so data is always 100% correct.