What is MIS Reporting ? MIS Report stands for Management Information System Report. It is a tool used by organizations to collect, process, and present data that supports decision-making and performance monitoring. MIS reports help management at different levels to analyze operational efficiency,...
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Features AI-Based Accounting Software in India In future all sectors will be based on AI technology, In that accounting and taxation sector will also be completely transform. The accounting industry is evolving rapidly with Artificial Intelligence (AI), and the future of AI-bas...
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1. What are the components of a salary structure? Answer: A typical salary structure includes: Basic Salary House Rent Allowance (HRA) Special Allowance Bonus/Incentives Conveyance Allowance Provident Fund (PF) Contribution Employee State Insurance (ESIC) Contribution Professi...
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1. What is the difference between gross income and taxable income? Answer: Gross Income: Total income before any deductions (salary, rental, business income, etc.). Taxable Income: Gross income minus deductions under Chapter VI-A (like 80C, 80D, etc.). 2. What are the income ...
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1. What is GST? Explain its types. Answer: GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services in India. It replaced multiple indirect taxes like VAT, excise, and service tax. Types of GST: CGST (Central GST): Collected by the Central Government ...
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Income Tax Return Filing: Old Regime vs. New Regime (FY 2024-25) For the Financial Year (FY) 2024-25 (Assessment Year AY 2025-26), taxpayers in India have the option to choose between the Old Tax Regime and the New Tax Regime while filing their Income Tax Return (ITR). Bo...
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