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Rebate under Income Tax Section 87A

According to the Section 87A of the Income Tax Act, 1961 : An assessee, being an individual resident in India, whose total income does...

Basic Accounting Terms & Terminology

Accountancy students required to know some of Basic Accounting Terms and Terminology to learn accounts in a great manner. See the below...

Professional Tax in Maharashtra

Professional Tax is a State level Tax in India on Professions, Trades, Callings and Employments. In Maharashtra (Maharashtra State Tax on...

Balance Sheet

Balance Sheet is the financial statement of a company which includes assets, liabilities, equity capital, total debt, etc. as on...

Distinction between Accounting and Bookkeeping

Some people are using bookkeeping and accounting as a synonymous term, but in fact, they are different from each other. Accounting is a...

Meaning and Importance of Accounting

Every organization requires maintaining a good record for tracking the inflow and outflow of funds. Which including how much money they...

Accounting Transactions and event

Transactions and event: The meaning of transactions has very wide and including the term as a business, performance of an act, an...

Economic activity and Accounting

What is the meaning of economic activity? Accounting discipline has been developed to serve this purpose as it deals with measurement of...

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Why You Need Practical Training in Accounting, Taxation, and Tally.ERP?

Accounting training is particularly important for aspiring businesspeople. If you're looking at a future in finance and/or accountancy,...

Compliance Calendar for February 2018

A. Due dates for Compliances under GST 15-02-2018- Due date for filing GSTR -1 for the Quarter ending Dec 2017 i.e. from m/o Oct to Dec...

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