Debt is a common part of modern financial life, whether it be for purchasing a home, funding education, or covering unexpected expenses. However, agreeing without a clear understanding of the financial commitment can lead to severe consequences. Knowing your current debt-to-income ratio is going to help you make more manageable
In 2024, the UAE made significant changes to its corporate tax landscape, ushering in a new era of taxation for businesses operating in the region. Known for its business-friendly environment, the UAE has long offered attractive incentives to local and international companies. However, with the introduction of a corporate tax
Traders in the foreign exchange market implement the same two types of analysis as stock market investors do: fundamental and technical analysis. The applications of technical analysis in Forex are similar: the price is considered to reflect all news, and the charts are the focus of the study. But, unlike
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