Value Added Statements
Value Added statement isn't an Account in the traditional sense. It is mere a statement showing the economic output of ...
Know Maths in Money Market Operations
Money Market is an important ingredient for growth and development of an economy. India too is no exception for it. ...
Restriction on cash transactions under Income tax act, 1961
After the demonetization, Government has earned an important lesson. Keeping the rhetoric aside, it's enlightened to the wisdom of colours ...
Know the TDS rates when you do not provide your PAN
Although in some cases, quoting of PAN for certain type of transaction is must, for most of the transactions quoting ...
Interest on Income Tax Refunds
Normally, an assessee pays tax based on computation of his expected tax liability. And very often his tax liability is ...
Applicability of GST with reference to Model GST Law
With 1st July nearing, everyone is preparing for new pan India Indirect tax – Goods and Service Tax (GST). Suddenly, ...
Shortcomings of GST and effect on small entities
This Week has been full of news related to GST. Though believed to be a tough task, it is anticipated ...
Mandatory Linking of Aadhaar and Exemptions from Income Tax Department
With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail ...
List of GST Returns along with their due dates
With deadline for applicability of Goods and Service Tax (GST) coming near, there's still confusion as to number of return ...
How to calculate WDV Rates for Depreciation
Straight Line Method (SLM) and Written Down Value (WDV) methods are the most used methods for calculating depreciation. Although Companies ...