Foreign remittance under LRS to attract 20% TCS from July 1, 2023
The budget 2023 has hiked the TCS rate on foreign remittance under LRS to 20% from 5%, other than for education and medical purposes.
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Amish Maknojia
- Mar 18
Bookkeeping 101: Everything You Need to Know About Bookkeeping in Accounting
Bookkeeping is the recording of financial transactions and is part of the process of accounting in business and other organizations. It...
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Amish Maknojia
- Mar 9
Accounting Evolution: Past, Present and Future
How accounting has changed and will change over time. Know the evolution of accounting technology and methods from Single entry to modern.
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Amish Maknojia
- Mar 7
Income Tax Rate for AY 2023-24, Last Date of Filing ITR and Penalty for Non-Filing of ITR
Know everything about Income Tax Rate, Penalty for non-filing of Income Tax Return (ITR) for AY 2023-24
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Amish Maknojia
- Feb 12
Can Artificial Intelligence (AI) replace an Accountant?
This blog explores the role of artificial intelligence (AI) in the field of accounting and whether it can fully replace human accountants.
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Amish Maknojia
- Feb 5
Key Changes in Taxation: Budget 2023
The highest tax rate which in our country is 42.74 per cent. This is among the highest in the world. I propose to reduce the highest...
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Amish Maknojia
- Feb 2
Maximizing Your Tax Savings with Accounting
Unlock the full potential of accounting in the taxation process with us. Read more.
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Amish Maknojia
- Dec 17, 2022
Weighing the Pros and Cons: Is Cloud-Based Accounting Software Right for Your Business?
Read our comprehensive guide and make an informed decision about using cloud-based accounting software.
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Amish Maknojia
- Sep 5, 2022
Mastering Liquidity: A Comprehensive Guide to 10 Key Ratios
From current and quick ratios to days sales outstanding and return on assets, discover 10 examples and their significance in making informed
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Amish Maknojia
- May 9, 2022
These 5 new Income Tax rules are applicable from 01st April 2022
5 IMPORTANT INCOME TAX RULES THAT ARE APPLICABLE FROM 01ST APRIL 2022.
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Amish Maknojia
- Apr 17, 2022
What is Supply under GST? - Section 7 explained
GST is payable when an event of supply occurs as per GST Act. Thus, it is important to know the nature of trade or transaction and...
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Amish Maknojia
- Apr 15, 2022
Continuous Supply of Goods and Services under GST
Explore implications on the continuous supply of goods and services with a detailed example. Stay ahead in the GST compliance game!"
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Amish Maknojia
- Aug 20, 2021
Understanding Your Business Finance with the Help of an Accountant
Take control of your business finances with the power of ratios and expert guidance from an accountant. Learn more.
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Amish Maknojia
- Aug 5, 2021
Interest on non-payment of advance tax under section 234B of Income Tax Act
Section 234B of the Income Tax Act contains interest provisions, which are discussed in this article. Section 234B, in particular,...
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Amish Maknojia
- Jun 25, 2021
Tax Treatment for dividend received from domestic Company (with effect from FY 2020-21)
Finance Act 2020 has abolished the Dividend Distribution Tax, and tax on dividends is now to be paid by the investor. Thus, domestic compani
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Amish Maknojia
- Jun 22, 2021
Accounting and Business Performance: An Overview with an example
Are you looking to better understand the connection between accounting and business performance?
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Amish Maknojia
- Apr 9, 2021
Understanding the Financial Ratios with Examples
The key to unlocking a company's financial performance with our comprehensive guide to financial ratios, complete with real-life examples
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Amish Maknojia
- Feb 11, 2021
A Comprehensive Guide to Understanding Different Types of Assets
Assets are resources that a company owns or controls with the expectation of future economic benefits. Learn about common types of assets
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Amish Maknojia
- Feb 8, 2021
Advance Tax Applicability and Calculation of Advance Tax under section 208
In India, a taxpayer is required to pay advance tax on fulfilling certain criteria as provided under section 208 of the Income Tax Act....
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Amish Maknojia
- Feb 3, 2021
New Income Tax Slab Rate for Individual/HUF for AY 2021-22 (FY 2020-21)
Every year with Finance Budget, all taxpayers are keen to know about how much tax they'll need to pay, and how much tax they can save....
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Amish Maknojia
- Aug 5, 2020
Know about Tax on Sale of Gold or Jewelry including inherited Gold/Jewelry
In India, investment in gold and jewelry is a very common type of investment. And it's very common in India to sell and purchase gold and...
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Amish Maknojia
- Jul 6, 2020
TDS on Cash withdrawal - Section 194N
Know about who is required to deduct TDS on Cash Withdrawal under section 194N of income tax?
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Amish Maknojia
- Jul 4, 2020
Tax Treatment and Applicability of Audit for Intraday Trading in India
Today in this article we have tried to simplify perplexity of tax treatment, Tax Audit Applicability on Intraday Trading and so on
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Amish Maknojia
- Jun 16, 2020
Tax on Agricultural Income in India
Having Agricultural Income? You must read this to know about its Tax treatment
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