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Who is Covered Under Sec 111 A of Income Tax Act?
Understanding short-term capital gains taxation is important when equity investments form a part of regular income planning. The sec 111 A of Income Tax Act plays a focused role in…
What is the Correct Way to Handle PO and Non PO Invoice?
Managing PO and Non PO Invoice process is crucial for Indian businesses to be financially accurate, compliant, and have good relationships with vendors. A PO invoice is created from a…
How Does a Perpetual Inventory System Integrate With Billing Software?
A perpetual inventory system tracks the inventory on a day to day basis recording all additions or sales as they occur. Unlike the periodic systems of the past, it allows…
Auditing in Accounting: Why Does It Matter?
The auditing in accounting plays a silent yet determinative role in the manner in which Indian businesses enjoy trust, comply with legal responsibilities and report up-to-date truthful financial results. From…
Why is Sec 122 of GST Act Important for Businesses?
Every GST-registered business in India is focused on returns, invoices and tax payments. However, penalties under sec 122 of GST act often come into picture when there is a notice.…
When Does Section 112A of Income Tax Act Apply?
The section 112A of income tax act plays an important role in taxation of long term capital gains from equity investments in India. This provision has a direct impact on…
How Does Hedge Accounting Reduce Financial Risk?
Indian businesses are dealing with daily currency fluctuations, changes in interest rate and price volatility. Exporters charge in dollars in hedge accounting, manufacturers borrow at floating rates and infrastructure companies…
How Does Cess in GST Affect the Final Invoice Value?
Running a business in India means that you have to deal with a number of tax layers. It is important to understand how each charge affects the value of your…
How Does GSTR 2 Work Under the GST System?
Understanding purchase-side compliance is essential for any GST-registered business that desires to maintain clean records and hassle-free tax credits. The GSTR 2 has been created to get inward supply details…
What are the Due Dates for GSTR 3 Filing & Returns?
Every GST registered business has to know the working mechanism of return filing even if certain returns are not actively used. GSTR 3 continues to be part of the GST…