6 Best Accounting Softwares in India (Updated 2024 List)
A number of business accounting software are available in market these days but quite few of them satisfies the customer’s needs in an easy way.
Rohit Pithisaria 12/09/2024
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A number of business accounting software are available in market these days but quite few of them satisfies the customer’s needs in an easy way.
A complete comprehensive article regarding GST applicability on Indian freelancers providing services in India/outside India.
What is a Proforma Invoice? A Proforma Invoice is a document similar to an invoice regarding the particulars of the goods/services yet to be delivered
What is PPF (Public Provident Fund)? PPF stands for Public Provident Fund which is backed by Indian Government. It is the most common investment for
National Saving Certificate, commonly known as NSC, is saving bonds issued by Indian Government to individuals only. It is primarily focused on small savings. Also,
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
Details, as furnished in Details of outward supplies in Form GSTR-1, will be available to the composite dealer in Form GSTR – 4A. The dealer
Services provided by the hotel is a taxable service in GST. The place of supply will always be the state/union territory where the hotel is
Introduction Composition scheme under GST law is for small businesses. This is to bring relief to small businesses so that they need not be burdened
A person can make an application for refund of GST before expiry of two years from the relevant date in such form and manner as
Rule 138 of CGST Rules defines the provisions of e-way bill. The provisions of this rules is applied by various states on different dates. The
What is Reverse Charge? Normally, GST is to be collected by the person who is selling good and services. But in some cases GST is
Non-resident seafarers are allowed to have various types of bank account as follows: – Non-resident Ordinary Account (NRO) It is a rupee-denominated saving account for
Resident & Non-Resident Individuals (all age group) for FY 2023-24 & FY 2024-25 under the New Tax Regime under section 115BAC Net Income Range FY
Cost Inflation Index (CII) Applicable from Financial Year 2017-18 Financial Year (01 Apr to 31 Mar) Cost Inflation Index (CII) 2024-25 363 2023-24 348 2022-23
Each year, individuals earning income higher than the basic exemption limit are required to file their income tax returns (ITRs) online. If you belong to
Anyone whose total taxable income exceeds the basic exemption limit is required to file an Income Tax Return (ITR) during the relevant assessment year. If
TDS, also known as Tax Deducted at Source is a direct taxation mechanism that facilitates direct tax collection from the source at the time of
One of the best way to save income tax is to utilize the deduction available under section 80C. The current maximum threshold limit is Rs.
Each tax payer in India under the direct orders of Central Board of Direct Taxes (CBDT) is allotted a Permanent Account Number by the Income
Equity Linked Savings Scheme, commonly known as ELSS, is a diversified, open-ended, equity-oriented mutual fund scheme. In ELSS, 80% of the portfolio amount is required