Empowering Local Communities: The Importance of Small Scale Industries
Small-scale industries (SSI) are an essential part of any economy, providing a vital contribution to local employment and economic growth. These businesses are characterized...
Understanding Single-Entry System: Advantages, Disadvantages, and Types
Single Entry System: An Overview
The single-entry system, also known as the incomplete record system, is an accounting method that is simpler than the double-entry...
Understanding SFT Transactions: Benefits, Risks, and Regulatory Considerations
SFT, or Securities Financing Transactions, refers to a wide range of financial transactions that involve the temporary exchange of securities for cash or other...
Understanding Section 89 of the Income Tax Act: Relief for Salary and Pension Arrears
Section 89 of the Income Tax Act, of 1961 provides relief to taxpayers who have received arrears of salary or pension. This section allows...
Understanding Section 89A of Income Tax Act: Relief for Pending Claims and Returns
Section 89A of the Income Tax Act, 1961 was introduced by the Finance Act, 2020, and is effective from April 1, 2020. This section...
Maximizing Tax Savings: Understanding Set Off and Carry Forward of Losses
When it comes to running a business or investing, it's not uncommon to experience losses. However, the good news is that these losses can...
A Guide to Partnership Firm Registration in India
A partnership firm is a popular business structure among small and medium-sized businesses in India. It is relatively easy to set up and manage,...
Mastering Bookkeeping: The Ultimate Guide to Accurate Financial Record-Keeping
The Importance of Bookkeeping for Your Business
Bookkeeping and accounting are two important functions in the financial management of any organization. Although the two terms...
The Importance of Cash Bills in Business Transactions
Cash bills, also known as receipts or invoices, are important documents that play a crucial role in any business transaction. A cash bill serves...
Bajaj FD Calculator: A Handy Tool for Financial Planning
Bajaj Finance is one of the most well-known non-banking financial companies in India, and its fixed deposit (FD) offerings have been quite popular among...