India’s tax system is set to undergo a significant transformation with the introduction of the Direct Tax Code (DTC) 2025. Designed to replace the Income Tax Act of 1961, the DTC seeks to simplify and update the country's tax structure. After many delays, the government has announced that ...
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Setting up Payroll in Tally Prime is essential for businesses to manage employee salaries, wages, bonuses, and deductions efficiently. Tally Prime offers comprehensive payroll management features that allow you to automate payroll processing, maintain employee records, and generate statutory reports...
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Tally Prime 5.0 introduces several new features designed to enhance user experience and streamline business processes. Tally Prime Default TDL A new feature of Tally Prime Developer Release 5.0 is the addition of Connected GST code. Progress Bar has been enhanced and Strip...
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Pensioners have several tax-saving options available to reduce their taxable income and save money on taxes. Here are some common choices: 1. Tax-Advantaged Accounts Individual Retirement Accounts (IRAs): Traditional IRAs offer tax-deferred growth, and contributions may be tax-deduct...
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Almost all accounting tasks, including payroll, tax, audits, and banking, have been automated using AI, disrupting the accounting industry and causing important changes in how business is conducted. 1. AI boosts productiveness and quality while enhancing translucency and auditability. 2. ...
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Importing and exporting goods involves a series of procedures and requires various documents to comply with international trade regulations. Here is an overview of the documents and procedures involved in import-export activities: Documents for Import-Export A commercial invoice is a bil...
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