GST Transition – Transitional Income Tax Credit Under GST
When GST is applied, it absorbs multiple taxes (VAT, Excise, and Service Tax) into one. It is very important to implement a variety of...
Understanding the Payment of Gratuity Act: Rules, Calculation, and FAQs
Gratuity is a monetary benefit provided to an employee by their employer as a token of appreciation for their service. It is one of...
Understanding Section 195 of the Income Tax Act: Deduction of TDS on Payments to...
Section 195 of the Income Tax Act, 1961, lays down the provisions related to the deduction of tax at source (TDS) on payments made...
What is Accounting System? Definition, Uses, Types & FAQ’s
What is an Accounting System?
An accounting system is a system or software deployed to organize & manage financial activities like income, expenses, and other...
Arunodoi Scheme: Empowering Women and Boosting the Economy
Introduction
In a landmark move to promote women's empowerment and economic development, the Government of Assam launched the Arunodoi Scheme in August 2020. The scheme...
Dividend Distribution Tax (DDT) – Know About What is Dividend Distribution Tax Exactly?
When a company makes a good profit in a particular year, they distribute parts of this profit to its shareholders, known as dividends. It...
Understanding the Limitations on Company Secretary Appointments
The role of a company secretary is crucial for the efficient and effective management of a company. The company secretary is responsible for ensuring...
Lost Your Passport? Don’t Panic, Here’s What to Do.
Lost Passport Procedure: How to Recover Your Passport
Losing your passport can be a stressful and frustrating experience, especially if you're traveling abroad. But don't...
MGT 7 and MGT 7A: A Comprehensive Guide to Compliance and Governance
Introduction:
In the corporate world, compliance and governance play a pivotal role in maintaining transparency and accountability. To streamline these processes, the Ministry of Corporate...
Understanding Section 80E of Income Tax Act: Tax Benefits on Education Loan
Pursuing higher education has become a necessity in today's world to stay competitive in the job market. However, the cost of education is skyrocketing,...