Crucial Rules of Input Tax Credit (ITC) Under GST: How It Works & Key Conditions
There is a Misconception that GST is paid on the Selling price of the goods and services. Though this fact […]
Process of GST Registration and who are Free from GST Registration
Sub-category 2: Checking Eligibility for GST Registration NormalCategoryStates/UT whoopted for a newlimit of Rs.40lakh NormalCategoryStates whochoose statusquo SpecialCategoryStates/UT whoopted for
What is Journal Entry? | Essential 3 Rules
Today, let’s break down how financial transactions are recorded using journal entries thefirst step in the accounting cycle! What is
“Valuation Methods: 9 Powerful Techniques to Accurately Estimate Asset Value”
Valuation methods are techniques used to estimate the value of an asset, company, or investment. There are several approaches, and
Quick Overview of Section 115JB
Section 115JB explains how a company may have to pay a minimum amount of tax based onits book profit rather
Steps to Calculate Book Profit Under Section 115JB (MAT)
Book Profit is the adjusted net profit of a company, calculated based on its Profit & LossAccount as per the
What is MAT (Minimum Alternate Tax)?
What is MAT and how to calculate it? MAT, or Minimum Alternate Tax, is a provision in India that requires
New Tax Regime under Section 115BAC for AY 2025-26
The Indian government has introduced a new tax regime under Section 115BAC of theIncome Tax Act. This provides lower tax