Difference Between Asset and Property Assets can be define in two category tangible (such as property, equipment, or inventory) or intangible (such as patents, copyrights, or goodwill). Property, on the other hand, refers specifically to real estate, which is land and any structures. That are permanently attached to it, such as buildings, homes, and commercial… Read More »
Sales invoice voucher Website link Sales invoice voucher: A sales invoice voucher, also referred to as a sales invoice or sales receipt, is an essential accounting document utilized to document the sale of goods or services. This document encompasses pertinent information such as the names and addresses of both the buyer and the seller, the… Read More »
Long-term capital gains tax India It is a tax on long-term capital gains tax India refers to the tax impose on the earnings generate from the sale of assets that are held for a long period of time. In the Indian context, long-term capital gains tax is applicable on the sale of assets such… Read More »
User Intent Many business owners struggle with filing their Income Tax Returns (ITR) efficiently to save on taxes. This guide aims to provide a step-by-step approach to filing ITR for businesses while maximizing tax savings legally. Introduction Filing an Income Tax Return (ITR) for a business is a crucial financial obligation. However,… Read More »
Financial analysis Vs planning Vs management Financial analysis Vs planning Vs management, Financial analyst, financial plannings, and financial management are three distinct concepts in the field of finance. It is refers to the process of evaluating the financial performance of a company or investment by analyzing its financial statements, ratios, and other financial indicators. It… Read More »
When Should We File Income Tax Returns (ITR)? Filing Income Tax Returns (ITR) is an essential responsibility for individuals and businesses to ensure compliance with tax laws and avoid penalties. Understanding the right time to file your ITR can help you manage your finances better and make the process smoother. Here’s a brief guide on… Read More »
Applicable GST GST extra as applicable” indicates that the price mentioned for a product or service does not include the Goods and Services Tax imposed by the government. The GST amount will add separately to the quoted price, and the final price will include in it. So the GST amount will add to the quoted… Read More »
Accrued expense definition Accrued expense definition, Accrued expense and outstanding expense are both terms relate to expenses that are incur but not yet paid. However, there is a difference between the two terms: Accrued expense An accrued expense is an expense that has been generate but not yet paid, and has not been record in… Read More »
PAN card for all PAN card for all,No, possessing a Permanent Account Number card is not obligatory for all Indian citizens. However, it is mandatory for specific financial transactions and activities. The following are some instances when it is mandatory to have a Permanent Account Number Filing Income Tax Returns (ITR): Anyone who has… Read More »
Debit invoice vs credit invoice Debit invoice vs credit invoice, A debit invoice and a credit invoice are two types of documents used in accounting to record financial transactions. They have distinct characteristics and implications: Debit Invoice A debit invoice is a document issued by a supplier to a buyer when additional goods or… Read More »