What is Income Tax Act?
When we hear the word tax, most of us think of money being taken away. But in reality, taxes help […]
Income Tax Act 1961 – Explained
The Income Tax Act, 1961 is one of the most important laws in India. It is a law that helps
Trade Expenses in Final Accounts
A business has many expenses for running it. One of those is the trade expenses, indeed required for producing a
Essential Accounting Standards for CA Inter Preparation
Any student who is studying for Chartered Accountancy Intermediate or CA Inter should, therefore, be well-versed in the subject of
How to cancel an e-invoice?
E-invoicing is a major reform that came along with India’s Goods and Services Tax (GST) framework. It mandates that businesses
How to Get a GST Number: A Step-by-Step Guide
Since the introduction of GST, it has become essential for all eligible individuals and business entities that supply goods and
What is a Proforma Invoice?
A proforma invoice is like a draft bill sent to buyers before goods are shipped or delivered. It is not
What is a GST E-Invoice and How Does It Work?
Since the time the e-invoicing concept got approval from the GST Council, it has become quite popular in the business