Month: February 2023

What Is Bookkeeping? Why Is It Important?

The regular recording of a business’s financial transactions is known as bookkeeping. Companies can track all of the information on their books to make important operating, investing, and financing decisions with the help of proper bookkeeping. People who manage all of a company’s financial data are called bookkeepers. Without bookkeepers,.

Statutory Audit and Its Relevance in Modern Environment

A statutory audit is a review of a company’s or government’s financial statements and records that is mandated by law. By looking at data like bank balances, bookkeeping records, and financial transactions, a statutory audit aims to ascertain whether an organization gives a fair and accurate representation of its financial.

What is Income Tax Return In India?

An income tax return is a small portion of money that the government deducts from our income. As required by the country we live in, we are required to pay this money out of our income. Tax is the name for the sum of money that is subtracted from our.

Best way to save tax in India

From basic necessities like food, clothing, and shelter to electricity, internet, and movie tickets, we pay tax on everything in our daily lives. Although we cannot avoid paying taxes, there are several ways to reduce the amount of tax we pay. This article will go over the top ten tax-saving.

Payroll Trends: Future Of Payroll In The Next Few Years

Many organizations were compelled by the pandemic to examine their current business procedures, particularly HR-related ones. While some business functions and processes were strengthened, others underwent renovations, and some were completely redesigned. The “new normal,” which includes things like work-from-home, work-from-anywhere, hybrid working models, gig workers, and of course, their.

MSME Registration In India

Micro, Small, and Medium Enterprise is referred to as MSME. The Indian government passed the Micro, Small, and Medium Entrepreneurial Development Act, 2006, into law. The Ministry of MSME creates and manages MSME organizations that specialize in handling, maintaining, or fabricating goods and materials. In a developing country like India,.

GST Registration In India

GST registration is the procedure by which a taxpayer registers for Goods and Service Tax (GST). After the registration process is successfully completed, a Goods and Service Tax Identification Number (GSTIN) is given. To help determine whether a company must pay GST, the Central Government provides the 15-digit GSTIN. To.