Dhaval Kakadiya The Essence of Accounting/Bookkeeping
In this release, I will attempt to talk about importance and relevance of accounting and how it can be a crucial step in decision making for businesses. Accounting Process: What…
Taxation for Salaried Individuals – All you need to know
Taxation in India is governed by the Income Tax Act, 1961. Under Indian Income Tax law, income is divided into five heads/group of income for taxation purpose: Rates of tax,…
ESSENTIAL INFORMATION FOR STARTING A BUSINESS
1) Choosing structure of your business:Typically, there are following major structure to do business in India:1) Sole Proprietorship2) Hindu Undivided Family (HUF)3) Partnership firm4) Limited Liability Partnership5) CompanyChoosing a structure…
SOME STATUTORY COMPLIANCE/HYGIENE THINGS TO TAKE CARE OF BEFORE THE START OF A NEW FINANCIAL YEAR
Income Tax Related: 1) Finish up all investments and deductions related payments before March 31.2) Apply and get your TAN number in case of TDS applicability for the first time.3)…
CATCHING FEW RATHER THAN MANY: CAN IT PROVE TO BE EFFECTIVE TAX ADMINISTRATION?
Tax revenues form a large part of government revenues. The government levies and collects taxes in various forms. One common principle that everyone expects in any taxation system is that…