Tag Archives: #Accounting101

Tax planning vs tax compliance?

                                                    Tax planning vs tax compliance Tax planning vs tax compliance, Here’s a comparison between tax planning and tax compliance: Taxation Planning: Tax planning involves strategic decision-making and the implementation… Read More »

What is cost accounting?

Cost Accounting Cost Accounting is a branch of accounting that is concerned with the determination and analysis of the costs incurred in the production of goods or services. It involves recording, classifying, analyzing, and interpreting the costs of products or services for the purpose of management decision-making, control, and cost reduction. To visit: https://www.incometax.gov.in Cost… Read More »