Important Step for Telephonic Interviews Written by AIAT Institute, Nagpur, for those person who are looking for temporary, part-time or full-time JOB in the Accounts and taxation sectorGetting your resume and cover letter seen is often the hardest part so once you get through t...
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The Central Board of Indirect Taxes and Customs (CBIC) notified new goods and services tax (GST) rates for mobile phones, matchsticks and maintenance and repair operation services for aircraft. Mobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of mat...
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What is Bank Reconciliation A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to...
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The Supreme Court (SC) has allowed linking of PAN with Aadhaar while reading out its verdict on the constitutional validity of Aadhaar. The apex court also said that quoting Aadhaar number is a mandatory to file income tax return (ITR) and for applying for a new PAN. As per the Central Board of D...
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If you are yet to link your Permanent Account Number (PAN) with Aadhaar, the deadline to do the same is March 31, 2020. The Income Tax (I-T) Department has been putting out regular reminders regarding the same on its official Twitter handle. On March 16, the tax department tweeted saying that it ...
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While doing your tax planning for FY2019-20, it is important to know which tax slab your income falls in. The slab rate in which your income will fall is the rate at which your last rupee of income will be taxed. As your income level increases, income at different levels or in different bands wil...
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