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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· 5 · 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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· 3 · Riya Walke

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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· 2 · 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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· 2 · 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 2023 ·
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· 1 · 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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· 1 · 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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· 1 · Riya Walke

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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· 1 · 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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· 1 · 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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· 1 · 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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· 1 · 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 ·
0
· 1 · 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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· 1 · 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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· 1 · 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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· 1 · 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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· 1 · 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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· 1 · 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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· 1 · 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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· 1 · 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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· 1 · Riya Walke