income tax
(13)
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 to be subtracted from its taxable income. Since de...
Riya · 25 April · 1
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 to be subtracted from its taxable income. Since de...
Riya · 25 April · 1
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 Companies Act, 2013. These standards are largely conv...
Riya · 30 March · 1
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 significant financial obligations. The mercantile system...
Riya · 16 March · 1
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, which is pivotal in the GST compliance framework...
Riya · 07 March · 2Personal income tax return Nassau
As the tax season approaches, many individuals find themselves facing the daunting task of preparing their personal income tax returns. While the process may seem overwhelming at first glance, understanding the key steps and strategies can streamline...
Ram consultant · 07 March · 1
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 specific deductions or exemptions that a taxpayer...
Riya · 01 March · 1
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 specific deductions or exemptions that a taxpayer...
Riya · 01 March · 1
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 taxpayers under the Goods and Services Tax (GST) regime. A...
Riya · 10 February · 1Advantages & 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 advanced features and hidden gems that can significantly...
Riya · 17 January · 1Navigating 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 on decentralized networks, transcending borders a...
Riya · 05 January · 1How 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-digit alphanumeric code issued by the Income Tax D...
Riya · 16 December 2023 · 1
What are the Benefits of Accounting and Taxation course?
Accounting and Taxation courses can offer numerous benefits, both in terms of personal and professional development. Choosing a career in Accounting and Taxation can offer a range of benefits, both personally and professionally. Here are some k...
Riya · 11 December 2023 · 1