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Basic Bookkeeping for Your Small Business

[box] Basic Bookkeeping for Your Small Business [/box]   Bookkeeping refers mainly to the record-keeping aspects of accounting. Bookkeeping is essentially the accounting process (some would say the drudgery) of recording all the information regarding the transactions and financial activities of a business. What follows is a basic overview of what bookkeeping for a small [...]

By |2013-05-13T20:00:53+00:00May 13th, 2013|Article, Sticky|0 Comments

Mandatory ELECTRONIC FILLING of Chartered Accountant’s report under section 44AB, 92E & 115JB of Income Tax Act, 1961

[box] Mandatory ELECTRONIC FILLING of Chartered Accountant’s report under section 44AB, 92E & 115JB of Income Tax Act, 1961 Relevant Notification:- Notification No. 34/2013/F.No.142/5/2013-TPL dated 01/05/2013. Effective Date:- 01.04.2013 i.e. Assessment Year 2013-14[/box] Points for considerations:- 1. Where an assessee is required to furnish a report of audit under section 44AB, 92E or 115JB, he [...]

By |2017-05-04T05:16:23+00:00May 12th, 2013|Ammendments, Article, Income Tax, Sticky|0 Comments

Difference between Limited Co vs Partnership vs LLP

[box] Difference between Limited Company vs Partnership vs Limited Liability Partnership[/box] Category Partnership Company LLP Prevailing Law Partnership is prevailed by ‘The Indian Partnership Act, 1932’ and various Rules made there under Companies are prevailed by ‘Companies Act, 1956’ Limited Liability Partnership are prevailed by ‘The Limited Liability Partnership Act, 2008’ and various Rules made [...]

By |2017-05-04T05:16:24+00:00May 10th, 2013|Article, Limited Company, Sticky|0 Comments

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