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ROC compliance for a Private Limited Company

Following are some of the ROC Compliances for Private Limited Company has to comply: MBP-1 : As per Section 184(1) of Company Act 2013...

Missing ITR filing deadline? What happens!

The tax returns usually in a predefined worksheet format where the income figures used to calculate the tax liability are written into...

A.Y.2018-19: Tax Audit Limit for Businesses & Professionals

A.Y. 2018-19 : Tax Audit Limit for Businesses: If the total sales, turnover or gross receipt in business for the previous year exceeds...

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...

Income Tax Return - Penalty for delayed filing for AY 2018-19 onwards

Due date for filing of income tax returns (ITR) for Assessment year 2016-17 and 2017-18 is over. Now taxpayers need to get ready for AY...

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...

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,...

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