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Articles by Chandra Sekhar Reddy

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Income tax benefits for FY 2019-20 (AY 2020-21)

Posted by Chandra Sekhar Reddy 15 June 2020 8212 Views

June 30 th is an extremely important deadline for the taxpayers. Here are some exemptions you can claim before June 30th.



Accounting for Bad debt written off

Posted by Chandra Sekhar Reddy 27 April 2020 45350 Views

Accounting for Bad debt written off is done in two methods, allowance method and Direct written off method.



What is letter of credit?

Posted by Chandra Sekhar Reddy 27 April 2020 6108 Views

Letter of credit is a written document issued by the bank on request of its customer, promising to pay a specified sum in a specified currency by a buyer's (or importer's) bank i.e. issuing bank to the seller's (beneficiary or exporter's) bank i.e. accepting bank or negotiating bank or paying bank for providing of goods and services.



IT slab rates for FY 2020-21

Posted by Chandra Sekhar Reddy 24 April 2020 36047 Views

Income Tax Slab Rates for the FY 2020-21 and AY 2021-2022. The taxpayers can pay tax under new or concessional rates in FY 2020-21.




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