[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 [...]
[box] Top 10 Myths about Income Tax Return Filing on 31st March ,2013 (deadline) [/box] 1. The date is for return of this year ending 2013 – No , infact only those assessee have to file return who have nil tax , or ready to pay tax with 1% interest ,for the year ending 2012(March) [...]
[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 [...]
[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 [...]