Category: E-accounting

What is TDS and How to Calculate it?

Naresh Sharma
TDS-Tax-Deducted-at-source-india

What is TDS? TDS is basically Tax Deducted at Source. According to the Income Tax Act – people in charge of making installments are required to deduct tax at source at recommended rates. Rather than getting tax on your salary from you at a later date, the govt needs the payers to deduct tax before hand and store it with the govt. The beneficiary of pay gets the net sum (after deducted of tax at source). The beneficiary will add the gross add up to his wage and the sum deducted at source is balanced against his last tax obligation. Read More …

How is the Value of Goods and Services Determined under GST?

Naresh Sharma

Current expense administration Give us a chance to take a gander at how the estimation of products and enterprises is figured in the present administration, with the assistance of an illustration: Super Cars Ltd, an auto producer, offers save parts to Ravindra Automobiles, their merchants for Rs 6,000. The MRP of the extra parts is Rs 10,000. In the GST administration, the estimation of merchandise and/or administrations provided is the exchange esteem, i.e. the cost paid/payable, which is Rs 6,000 in the case. Extra Charges and Expenses – in the GST Regime How are extra charges and costs, for example, Read More …

How is GST Different from Current Tax Structure?

Naresh Sharma

In this article you can find all differences between Present Tax Structure and Goods and Service Tax Structure like – Difference between Broad scheme, Difference between Tax rates, Difference between Tax burden, Difference between Concurrent Power, Difference between Compliance, Difference between Transparent Tax Administration, Difference between Cascading effect etc. Present Tax Structure Vs GST Structure S.N. Issues Present Structure GST Structure 1 Broad scheme   There are separate laws for separate levy. For e.g. Central Excise Act, 1944, respective State VAT laws.   There will be only one such law because GST shall subsume various taxes as specified above. 2 Tax rates There are separate rates. For e.g. Excise Read More …

E-Taxation

Naresh Sharma

आज के युग में हर तरफ ‘e’ यानि इलेक्ट्रॉनिक क्रांति का संचार हो रहा है. Govt. हर सेवा ऑनलाइन कर रही है, इनमे से कुछ सेवाओ का आप भी लाभ उठा रहे हो जैसे कि ‘e’ Banking, ‘e’ Shopping, ‘e’ Billing, ‘e’ reservation, ‘e’ Tendering, ‘e’ Governess, ‘e’ Admission , ‘e’ Filing of Returns Forms कि सुविधा है.इस माध्यम से समय व् पैसा दोनों कि बचत होती है अब Accountant कि नहीं e-Accountant कि ज्यादा मांग है, e-Accountant का मतलब है जिसे Pre Accounting और Post Accounting दोनों कि जानकारी हो, Pre Accounting में हम Tally के माध्यम से Book of Accounts बनाते है और Post Accounting में Taxation से सम्बंधित Forms और Returns Filling करते है. Read More …

E-Accounting

Naresh Sharma

आज के युग में हर तरफ ‘e’ यानि इलेक्ट्रॉनिक क्रांति का संचार हो रहा है. Govt. हर सेवा ऑनलाइन कर रही है, इनमे से कुछ सेवाओ का आप भी लाभ उठा रहे हो जैसे कि ‘e’ Banking, ‘e’ Shopping, ‘e’ Billing, ‘e’ reservation, ‘e’ Tendering, ‘e’ Governess, ‘e’ Admission , ‘e’ Filing of Returns Forms कि सुविधा है.इस माध्यम से समय व् पैसा दोनों कि बचत होती है अब Accountant कि नहीं e-Accountant कि ज्यादा मांग है, e-Accountant का मतलब है जिसे Pre Accounting और Post Accounting दोनों कि जानकारी हो, Pre Accounting में हम Tally के माध्यम से Book of Accounts बनाते है और Post Accounting में Taxation से सम्बंधित Forms और Returns Filling करते है. Read More …