KOSH MULO DAND’ this motto of the Income Tax Department (IT Department) literally means “The treasure is more important than the army” and its implied meaning…
KOSH MULO DAND’ this motto of the Income Tax Department (IT Department) literally means “The treasure is more important than the army” and its implied meaning…
The primary goal of a business enterprise after its inception, be it in the service or manufacturing industry, is survival. Once the enterprise is confident that…
INTRODUCTION Nowadays, Business restructuring has become vital for businesses in quite a few industries today. This is because Covid-19 has impacted them a lot and in…
Introduction In the past, we had come across many financial frauds, the most manipulated corporate frauds were Satyam Scam, Enron Scandal and WorldCom scandal. The major…
Introduction: Determining costing in a service industry is an essential concept since every service organization needs to ascertain its business overheads as service sector companies provide…
Are you worried about your customers defaulting in payments? Vendors defaulting in fulfilling their terms after you pay advance to them? Are you capturing all relevant…
Introduction:- Gifts are usually capital receipts by nature. The Income Tax Act, 1961 (‘Act’) which is levies tax on incomes, that is revenue receipts, carves out…
INTRODUCTION Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) is a kind of advance tax that needs to be deposited with the government…
Introduction: Determining an appropriate costing of your product can make or break your business. Most business owners fail to understand the importance of costing which can…
Introduction In case of GST, tax is payable on ad-valorem basis i.e., percentage of value of the supply of goods or services. Thus, it becomes important…
Introduction No wonder that modern day businesses are always keen on coming up with new and innovative methods and strategies to scale up faster effectively…
Introduction: Standard Operating Procedures (SOPs) are the documented processes that an organization has consisting of a step-by-step instructions to help the employees within its organization to…