Retail Software
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Retail Chain
A Practical Breakdown of Section 194C of Income Tax Act for Work & Labour
Running an Indian business involves a lot of payments to the contractors for their work or labour. The section 194C of Income Tax Act provides for payment of tax to…
What Penalties Can You Face Under Sec 270A of Income Tax Act?
Tax penalties often result from tax fraud, but as often as not, from ineffective knowledge of rules on assessment and reporting requirements. The sec 270A of Income Tax Act was…
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…