Home Blog Page 6

Tax Deducted at Source (TDS) under Goods and Services Tax (GST)

Provision under the law: Section 51 of the CGST Act, 2017 deals with the authority and procedure for TDS under GST regime. Who will act as...

Provision for Doubtful Debts

However cautious a business maybe, there will be some debtors regarding whom there is no certainty whether they will pay or not. So there...

How to file Income Tax Return (ITR 1) Online for Salaried...

Income Tax Return filing is a very easy process and most of us having income more than the basic exemption limit of Rs. 2,50,000...

Difference between Bad and Doubtful Debts

Credit Sales are a normal phenomenon in a business and with the credit sales, there are bound to be Debtors. Now the Debtors bring...

Bad Debts and Bad Debts Recovery: How to do the accounting?

Credit sales are a normal phenomenon of any business and we all know that an element of risk is associated with credit sales. No...

Income Tax Return (ITR) Forms for FY 2016-17 & AY 2017-18:...

Income Tax Department has notified some changes in the ITR (Income Tax Return) Forms to be filled up by the Assesses for income earned...

Reserves and Provisions

Provision   The word 'Provision' is used to denote an amount written off against or set aside out of profits. It is created to provide for...

Bank Reconciliation Statement (BRS)

What is Bank Reconciliation Statement?Bank Reconciliation Statement is a statement prepared to reconcile and explain the causes of disagreement between the bank balance as...

Stay Connected

258FansLike
12FollowersFollow
22FollowersFollow
91,607SubscribersSubscribe