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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Top 10 Latest Updates on GST You Should Know in 2024
Goods and Services Tax (GST) is India's comprehensive indirect tax system, which was implemented in July 2017 to replace multiple taxes such as VAT, Excise Duty, and Service Tax. GST is levied on the supply of goods and services, with the tax rate varying depending on the type of goods and services...
14 hours ago
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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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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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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 is the basics of accounting?
Accounting is often referred to as the language of business. It is a fundamental aspect of any organization, whether it's a small startup, a multinational corporation, or a non-profit organizatio...
18 October 2023
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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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What is Capital Gains Tax rules & regulations?
Investing in a house property is one of the most popular investments, primarily because you get to own a home. Others may invest with the intention of profiting from the property when they sell it. It is important to note that a residential property is considered a capital asset for income tax purpo...
1 week ago
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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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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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ITR: Pay Tax Later! A Comprehensive Guide to the Government Scheme"
Introduction
The "ITR: Pay Tax Later" scheme is a government initiative that aims to provide taxpayers with more flexibility when it comes to settling their tax liabilities. This scheme allows individuals and businesses to defer their tax payments, which can be particularly benefi...
25 October 2023
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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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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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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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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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