Section 194H – TDS ON Commission Income & Current Rates
What is Income Tax Act? Income Tax Act was enacted in the year 1961 and is the statue under which everything related to taxation is listed. It includes recovery of income tax, levy [...]
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Section 143(1)
Letter Of Intimation Under Section 143 (1) Intimation under section 143 (1) is a notice sent to taxpayers containing the amount of tax payable along with interest issued. When you pay income tax [...]
ICAI Online Registration
ICAI – Institute of Chartered Accountants of India Introduction Established on 1st July 1949 under the Chartered Accountants Act 1949, ICAI is the national professional accounting body of India and [...]
Legal Heir Certificate And Succession Certificate
Who is a Legal Heir? Cambridge dictionary defines an heir as an individual who receives or inherits either an interest or an ownership of immovable property from a person who has died intestate [...]
Understanding New Income Tax Slab and Rate for FY 2019-20
New Income Tax Slab and Rate - Key Highlights Interim budget 2019 proposed no modifications in the tax slabs. Under section (u/s) 87A, individuals with earnings up to Rs. 5.0 lacs will [...]
What is Professional Tax Mitigation?
Introduction to Professional Tax Professional tax is a tax imposed, by several states in India, on salaried professionals, working in non-government or government entities. Salaried professionals [...]
Remittance Advice: Meaning, Types & Benefits of Remittance Advice
What is Remittance Advice? Remittance advice is a letter issued by the customer to the supplier in order to inform the supplier that their invoice has been paid. It is not mandatory to send [...]
Police Clearance Certificate
What is Police Clearance Certificate? A Police Clearance Certificate, most commonly known as PCC, is an important official document issued by the police or the authorized government agencies and is [...]
Petrol Pump License Eligibility
What is Petrol Pump License? Petrol Pump is considered one of the best business ventures and also as one of the most profitable business in India, however to start the petrol pump venture is not as [...]
How To Get Clients For Your Newly Started Accounting And Bookkeeping Firm?
Introduction Before a newly started accounting firm begins to casually approach probable customers, it is important to build a systematic methodology for customer acquisition – this will keep the [...]
