What are the Depreciation Rates & Rules of Income Tax Act
According to the Income Tax Act, depreciation is the reduction in an asset's value brought on by use, deterioration, aging, or obsolescence. The Income Tax Act permits an entity's depreciation costs t...
25 April
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What are the Depreciation Rates & Rules of Income Tax Act
According to the Income Tax Act, depreciation is the reduction in an asset's value brought on by use, deterioration, aging, or obsolescence. The Income Tax Act permits an entity's depreciation costs t...
25 April
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ROC Compliance Calendar for year 2024-25 related to FY 2023-24
What are ROC compliances?
Depending on the context, ROC (Regulatory Compliance) can mean different things. For example, it can refer to "Report on Compliance" in the context of PCI DSS (Payment Card...
13 April
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Impact of the 45-Day MSME Payment Rule Starting April 1
The 45-day MSME (Micro, Small, and Medium Enterprises) payment rule, also known as the TReDS (Trade Receivables Discounting System) rule, is a regulation that mandates large companies to make payments...
05 April
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What Are Indian Accounting Standards?
Indian Accounting Standards
Indian Accounting Standards (Ind AS) are a set of accounting standards notified by the Ministry of Corporate Affairs (MCA), Government of India, in accordance with the Com...
30 March
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Important activities every businessman should complete before 31st March.
Important Things to do before financial Year End
In India, the financial year is from April 1st to March 31st every year. As a result, the 31st of March is a critical deadline for meeting signif...
16 March
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What is GSTR-1? | How to file GSTR 1
What is GSTR-1?
Goods and Services Tax (GST) has revolutionized the taxation system in India by replacing multiple indirect taxes with a unified tax structure. Under the GST regime, businesses are required to file various returns to comply with tax regulations. One such crucial return is GSTR-1...
07 March
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Difference Between Old Vs New Tax Regime: Which is Better?
A Guide to Tax Rates in the Old and New Regime
The choice between the old tax regime and new tax regimes depends on various factors, including individual financial situations, income levels, and...
01 March
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Difference Between Old Vs New Tax Regime: Which is Better?
A Guide to Tax Rates in the Old and New Regime
The choice between the old tax regime and new tax regimes depends on various factors, including individual financial situations, income levels, and...
01 March
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Gumasta License – Registration Process & Documents Required
Introduction:
Gumasta License, also known as Shops and Establishment Registration, is a mandatory requirement for all businesses operating in India. This license is issued by the respective state municipal corporations or local bodies and is intended to regulate and monitor commercial establishment...
19 February
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The Impact of Budget 2024, Income Tax, and GST
Budget Analyzing the Impact on Income Tax and GST
The government has decided to leave the current rates of direct and indirect taxes unchanged. On February 1, 2024, Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024, which offers some reforms and relief for businesses and taxpayer...
10 February
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Best Career Opportunities in Accounting & Taxation sector
Successful Career in Accounting and Taxation
Considered the backbone of every organization entity, Accounting and Taxation is a key role needed in every industry to keep itself well enough. Simply p...
29 January
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Advantages & Benefits of Marg Accounting Software
Advanced Tips and Tricks for Marg Accounting
Marg Accounting Software has long been a trusted companion for businesses seeking a robust solution for their financial management needs. While the software offers a user-friendly interface for basic accounting tasks, there are numerous advanc...
17 January
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Navigating the Crypto currency Maze: A Guide to Understanding Taxation
Cryptocurrency has become a revolutionary force in the financial world, offering decentralized and borderless transactions. While the allure of digital assets is undeniable, it's essential to grasp the tax implications associated with cryptocurrency transactions.
Cryptocurrencies operate...
05 January
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5 Excel Tricks and Shortcuts for Accountants
Excel is a powerful tool for accountants, enabling them to organize, analyze, and interpret financial data efficiently. To enhance productivity and streamline daily tasks, mastering Excel shortcuts an...
26 December 2023
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How to Register TAN on the Income Tax Portal
Registering a Tax Deduction and Collection Account Number (TAN) on the Income Tax Portal in India is a crucial step for entities responsible for deducting or collecting tax at the source. TAN is a 10-...
16 December 2023
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