Tax saving options for pensioners
Pensioners have several tax-saving options available to reduce their taxable income and save money on taxes. Here are some common choices:
1. Tax-Advantaged Accounts
Individual Retirement Accounts...
06 July
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Riya Walke
AI use in Accounting and Finance
Almost all accounting tasks, including payroll, tax, audits, and banking, have been automated using AI, disrupting the accounting industry and causing important changes in how business is conduct...
24 June
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Riya Walke
Import-Export Documentation & procedures
Importing and exporting goods involves a series of procedures and requires various documents to comply with international trade regulations. Here is an overview of the documents and procedures involve...
06 June
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Riya Walke
What are the documents required for Tan Application?
To apply for a Tax Deduction and Collection Account Number (TAN) in India, you need to submit specific documents and follow the prescribed procedures. Here is a list of the key documents and informati...
29 May
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Riya Walke
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...
18 May
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Riya Walke
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...
10 May
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Riya Walke
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...
10 May
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Riya Walke
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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Riya Walke
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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Riya Walke
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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Riya Walke
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 can avail. Here are some key differences between...
01 March
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Riya Walke
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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Riya Walke
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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Riya Walke
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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Riya Walke
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
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Riya Walke
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 sour...
16 December
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Riya Walke
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 key advantages:
Career Opportunities: Completing a...
11 December
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Riya Walke
Benefits of Choosing a Career in SAP Accounting
Choosing a career in SAP accounting offers a multitude of benefits, not only for individuals seeking professional growth but also for organizations striving to optimize their financial processes. Here...
02 December
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Riya Walke
"The Benefits of Hiring a Professional Tax Service"
Hiring a professional tax service can offer several benefits for individuals and businesses. While some people prefer to handle their taxes on their own, there are compelling reasons to consider seeki...
07 November
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Riya Walke
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
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Riya Walke