The Legal metrology Act – Today we are discussing about this Act. This was introduced in 2009 and came into force from 1st April 2011 to replace the Weights & Measures Act of 1976. The main agenda of the Act was to enforce the standards of Weight & Measures and to regulate Trade & Business […]
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SEZ (Special Economic Zones). SEZ has two types namely, SEZ developers and SEZ units. Today, we are not dealing with developers. We are going to explain only about SEZ units. However, SEZ developers are the people who provide infrastructure facilities and places of operation for SEZ units. These are deemed to be outside the customs territory. […]
Looking forward to building your career in accounts? Understand the reasons for failure in interviews. Did you know that most of the companies that take young passouts as Accountants, say out of 100 companies 95, use Tally as their accounting software? So, what should be the next step? Simple…..Join a Tally program much before you […]
GST – is now entering the fifth financial year, went through a lot of hurdles, changes, faced economic recession, COVID threat, nearly hated by all stakeholders, stood resolute and determined. Our KEY takeaway thus far from GST with respect to ACCOUNTANTS & our trade: • One should no longer delay filing of GSTR 3b by […]
Recently several Accountants asked me why TALLY is the preferred software used by most entrepreneurs. The one answer that came to my mind was that TALLY has stood the test of times & worked with MSME to provide the reliability. It corrected itself to provide value additions. Started working with Professionals and last but not […]
Dear Young Accounting Aspirants, today let us talk on TDS which is also tedious for many of us including Professionals. The full form of TDS is Tax Deducted @ Source. Let us interpret this in more detail. Deducted @ Source means deduction at the time of Transaction; it qualifies as Direct Tax. To make it […]
Our Income Tax Payees –The Salaried in particular have a doubt as to why they should file their returns when tax is already deducted in their Salary. We want our salaried friends to be made aware as to why tax returns are filed. In this context, we would like to clarify that TDS deduction and […]
Dear Salaried Tax Payers are you structuring your salary to get maximum relief from tax payable which is being deducted as TDS every month from your salary. To get relief from taxes, you need to do your homework of proper tax planning of your Salary including flexi allowance and other components which are taxable under […]
Our Income Tax Payees – Business & Professionals in particular have a doubt as to why they should file their returns when tax has already been deducted in their Income. We would like our tax paying friends under the above category to be aware of TDS & Tax Returns and why tax returns have to […]
Dear Young Accounting Aspirants, today let us talk on TDS which is also tedious for many of us including Professionals. The full form of TDS is Tax Deducted @ Source. Let us interpret this in more detail. Deducted @ Source means deduction at the time of Transaction; it qualifies as Direct Tax. To make it […]