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Besides confidence and optimism, a start-up business requires a very basic ingredient to thrive – capital. Many organizations succumb to pressure in the very first...

The Central Board of Direct Taxes, in the exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the...

Life is full of surprising twists and turns. While some are pleasant and bring you prosperity, some others will put you under financial duress. Read...

Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate turnover...

The use of credit cards for purchasing products is widespread in this era. Credit cards can be used to purchase almost anything. If you’re going...

Credit cards were first introduced in the year 1950 by the Diners’ Club and credit cards have been used by Americans since 1959 which was...

The Karnataka State Chartered Accountants Association (in short 'KSCAA') is an association of Chartered Accountants, registered under the Karnataka Societies Registration Act, in the year...

We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to have appropriate IT...

GSTR-2B is an auto-drafted ITC statement generated for the buyer on the basis of the information furnished by his suppliers. It also contains information on...

One of the ways could be treating payment in cash ledger as payment towards taxes. Other way could be developing a new mechanism for accepting...