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TDS Rate Chart for FY 2024-25 (AY 2025-26)

  Mitali    28 March 2024 at 12:32

Get the latest TDS rate chart for FY 2024-25 (AY 2025-26)

Posted in Income Tax |   1078 Views


TCS Rate: Responsibility to collect TCS as per Income Tax Act

  Mitali    27 March 2024 at 12:09

The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.

Posted in Income Tax |   1217 Views


Is Stipend Taxable

  Mitali    22 February 2024 at 16:00

A stipend is a sum of money paid to someone which are typically smaller than salaries and are provided to individuals to support them financially while they gain knowledge and experience through education, training, or specific positions.

Posted in Income Tax |   2925 Views


Salary Slip with Format and Its Important Parts

  Mitali    16 February 2024 at 16:22

A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.

Posted in Income Tax |   5876 Views


12% GST on Footwear

  Mitali    06 February 2024 at 16:19

GST rate for footwear is 12% (6% CGST + 6% SGST) priced below Rs. 1000.

Posted in GST  2 comments |   5009 Views


Rent Receipt with Revenue Stamp

  Mitali    25 January 2024 at 13:45

A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent

Posted in Income Tax  2 comments |   7075 Views


Concept of Income Tax

  Mitali    09 January 2024 at 17:54

A tax is a compulsory payment imposed by a government on individuals or organizations to generate revenue for public services and infrastructure. Here taxes are divided into direct taxes, levied on individuals or businesses directly, and indirect taxes, collected by intermediaries and passed on to consumers through goods and services.

Posted in Income Tax |   4277 Views


GST Full Form and Meaning

  Mitali    09 January 2024 at 15:51

GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.

Posted in GST  1 comments |   4063 Views


The Golden Rules of Accounting

  Mitali    08 January 2024 at 16:06

The golden rules of accounting are principles that guide the recording of financial transactions. The rules ensure consistency and accuracy in recording transactions, helping maintain the fundamental accounting equation. The rules can be better understood from the type of accounts under different approaches.

Posted in Accounts  3 comments |   6941 Views


How to file GSTR-9

  Mitali    11 December 2023 at 13:20

GSTR-9 is a summary report that businesses file annually, consolidating details of their sales, purchases, tax liability, and input tax credit for the entire financial year.

Posted in GST |   4514 Views