Section 44AD of Income Tax Act Section 44AD of the Income Tax Act provides tax relief to certain individuals and professionals, exempting them from the requirement of getting an audit performed or showing books. However, this provision does not apply to assessees engaged in pr...
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What’s New in Tally Prime Release 3.0 Tally Prime Release 3.0 is now available, bringing a range of new features and updates. Launched in December 2020 as an upgrade from Tally.ERP9, TallyPrime has undergone several enhancements since its release. The latest release, TallyPrime Re...
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Ratio analysis Ratio analysis is a method that provides quantitative insights into a company's financial health by examining its financial statements such as the balance sheet and income statement. It helps evaluate aspects like liquidity, operational efficiency, and profitability. Rati...
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How Bank Reconciliation Benefits Businesses? Bank reconciliation plays a crucial role in helping businesses manage their finances effectively. It involves comparing the bank account balance of a business with the amount reported by the financial institution in the latest bank statement. By conduc...
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How to Save Tax Using Income Tax Deductions? The first step towards understanding how to save income tax is to know about various deductions allowed under Income Tax Act for tax benefit investments. They can help you lower the taxable income as per the tax-saving options you choose. There are ...
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Need to Know about ESIC Online Payment Process ESIC also known as the Employee State Insurance is a scheme by the Indian government and its objective is to avail stress-free services to the employees and employers by utilizing the services and information portal. This means that all Filings and p...
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