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Tax Incentives Under the Startup India Action Plan Tax Incentives Under the Startup India Action Plan

Finance

“Are you a small business owner in India looking for ways to reduce your tax burden and invest in your company’s growth? Have you...

Finance

Profit maximisation and wealth maximisation are two different approaches to business. The main focus for any business is profit maximisation, but many people need...

GST

What is Meesho? Meesho is the biggest and most reputable reseller marketplace in India. It is an e-commerce platform where resellers can sell products...

GST

What is letter of credit? A letter of credit, or LC, is a legal document that ensures the buyer will pay the seller. It...

Finance News

Invoicing

What is a Bill of Supply? A company that is GST-registered sends the purchaser a tax invoice. Such an invoice specifically states the GST...

TAX

The Indian government has introduced the QRMP plan to make it easier for small business taxpayers to file taxes.  What is the QRMP scheme?...

Accounting

Definition of DSO Days Sales Outstanding (DSO) measures the average time it takes a business to get payment from a client after a transaction....

Invoicing

You might often get confused about what invoice to send as there are many, based on due dates, type of industry, compliance requirements, regional...

Accounting News

Importance of Cost Accounting Importance of Cost Accounting

Accounting

What is Cost Accounting? Cost accounting is a method used in business to track, analyse, summarise, and research a company’s expenses related to any...

GST

What is Form 16? This Form 16 is a certificate issued by your employer. It certifies the details of your salary for the year...

Accounting

‘Profit and Loss’ is a common term used across various business verticals. It is one of the most basic principles on which every business...

Accounting

The Fund Flow Statement is beneficial for performing long-term analysis. It is an extremely important tool in the hands of management for evaluating the...

Finance

MIS: Full Form & Meaning The term MIS stands for Management Information System. It is an effective system that helps decision-makers make the right...

Accounting

Starting a business comes with a list of expenses, duties and situations that you would not have expected. But the first order of starting...

TAX

If you come under the eligibility criteria to file Income Tax Return 6, then this guide will be very helpful to you. Read more...

TAX

ITR 5 means a type of form which needs to fill for the income tax return. But this is not for any individual or...

TAX

The ITR2 should be applied as per the category of the source of income and the taxpayer to ensure easy compliance. As a matter...

TAX

Income Tax Return has several forms, and people are required to file each form based on their business or profession and income from these....

TAX

On the 7th of June, 2021, the Income Tax Department has announced an update about its new e-filing website that has been soon going...

Registration

With India continuously emerging as one of the fastest-growing economies in the world, the government has taken several steps to help small and medium-scale...

Business Ideas

What is MSME Day? Every year on June 27, Micro, Small, and Medium-sized Enterprises (MSME) Day is observed to honour these businesses’ contributions to...

TAX

When it comes to Form 16 and Form 16A, both are important for taxpayers as they have a vital role in regulating the payable tax amounts. Also,...

Accounting

Gross working capital has many benefits, but it can only show the half picture of the financial position of a company. It cannot completely...

Finance

Working capital is an essential component of every business, regardless of its size and nature. Sufficient working capital is required for every business to...

Finance

Managing capitals is important for every business. Therefore one must know about working capital and its management. Working capital is the fund available at...

Registration

Full form of UAN is Universal Account Number. When a person joins a company with more than 20 employees for the first time, the company...

TAX

The registered taxpayers who avail benefits of the notification No. 2/2019-Central Tax (Rate) dated 07th March 2019 or pay tax under the provisions of...

Scheme

What is PMEGP Scheme? The PMEGP or the Prime Ministers Employment Generation Programme is a scheme that is introduced by the Ministry of Micro,...

Finance

What is a Trial Balance? A trial balance is a statement of the balances of all the ledger accounts in a business at a...

Business Ideas

MSME means “Micro, Small, and Medium Enterprises.” Registering yourself under MSME can be beneficial in several ways if you are an enterprise. You can...

Accounting

What is the Cash Reserve Ratio? The CRR full form is the cash reserve ratio. The cash reserve ratio meaning is a minimum percentage...

TAX

What is DPT-3 Form DPT 3 was notified to protect the interests of the Company’s deposit holders or creditors, the Central Government in consultation...

Billing

What Is HSN Code? The HSN code full form is “Harmonised System of Nomenclature.” The World Customs Organisation (WCO) created the HS Code, also...

TAX

Any payment or remittance made to a non-resident is subject to a plethora of laws and regulations. Initially, when a person made a payment...

Accounting

An integrated accounting system can be a blessing for businesses, especially for all small and medium enterprises. It may sound complicated, but it is...

Invoicing

A B2B transaction is one where both parties involved in a transaction are businesses. An invoice is a document that acts as the proof...

Billing

A shop bill book is like an identity of your business. Every customer gets to keep a part of that identity through the invoices...

Invoicing

A furniture business can have numerous transactions every day because there is a massive industry demand for good-quality furniture items for both retail and...

Bookkeeping

Regardless of size, every business thrives on the systematic recording of its day-to-day financial transactions. Small business bookkeeping provides small enterprises with a simple...

Accounting

For any business to have a successful run, it must have long-term financial planning and impeccable accounting practices. Business accounting involves identifying, recording, and...

Finance

What is Financial Risk? Financial risk can be defined as any peril that can bring about the loss of capital to interested groups or...

Invoicing

A vendor invoice is a document listed by the recipient, which includes the total amount the supplier owns. When an order is placed for...

Accounting

The quality of financial management and accounting practices employed in a business can be crucial for its growth. It is essential to keep a...

Accounting

Quality accounting practices are integral to any business’s effective management and functioning. Keeping track of all transactions, investments, and reports helps generate crucial insights...

Accounting

ERP stands for Enterprise resource planning and is a crucial tool that every small and medium business should use. It is being used widely...

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