BUDGET HIGHLIGHTS 2023 Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023, the fifth budget of Modi 2.0. In the last full-fledged Budget before the general elections next year, Nirmala Sitharaman said that the Indian economy is on the right path and heading tow...
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All You Need to Know about GST Introduction GST is the new indirect tax system in India. GST was first introduced in India on July 1, 2017. It is a single tax on the supply of goods and services, from the manufacturer to the consumer. GST is levied at every stage of the supply chain, with c...
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How to View Trial Balance in Tally Prime The Trial Balance in Tally Prime is a summary of all the ledger balances. It helps in checking whether the transactions are correct and balanced. If the journal entries are error-free and posted correctly to the general ledger, the total of all debit ...
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Your PAN may become Invalid from April 1, 2023 if you don’t Link it with Aadhar PAN with Aadhar INCOME TAX ACT According to the Income Tax Act Of 1961, all taxpayer with a Legitimate PAN & Aadhar are Required to mandatorily link them both before March 31, 2023. ...
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Importance of Accounting in our Life What do you think when you hear the word “Accounting”? Of course, it is something related to finance. Everyone may be familiar with accounting terms. However, not all understand the meaning and application of accounting in daily life. Interestingly...
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ITR (Income Tax refund) Status 2020-21 The income tax department scrutinizes every ITR filed and assesses the tax amount paid. If the assessee overpaid the tax, the department issues them a refund. According to the Income Tax Act of 1961, all taxpayers who have overpaid their taxes are eligible ...
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