Compounding of Offence means the end of prosecution for an offence. Through compounding authorities provide a mechanism to end the ...

In India, every year, the Finance Minister announces an annual Union Budget for the up-coming financial year. According to Article ...

Section 194C - Payments to contractors. Any person responsible for paying any sum to any resident contractor for carrying out any ...

Value Added statement isn't an Account in the traditional sense. It is mere a statement showing the economic output of ...

Money Market is an important ingredient for growth and development of an economy. India too is no exception for it. ...

After the demonetization, Government has earned an important lesson. Keeping the rhetoric aside, it's enlightened to the wisdom of colours ...

Although in some cases, quoting of PAN for certain type of transaction is must, for most of the transactions quoting ...

Normally, an assessee pays tax based on computation of his expected tax liability. And very often his tax liability is ...

With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail ...

Straight Line Method (SLM) and Written Down Value (WDV) methods are the most used methods for calculating depreciation. Although Companies ...