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Simple Definition of EMI Calculation The purpose of this blog is to explain how Genius software makes EMI calculation easy. An EMI, or equivalent monthly instalment, is a set payment given to the lender by the borrower. EMIs repay both the principal and the interest on a monthly basis, and the loan is entirely returned […]
The concept of TDS was introduced with the aim of collecting tax from the very source of income. As per this concept, a person (deductor) liable to make a payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The […]
Brief About Fund Flow Statement Fund flow refers to the overall flow of funds within a business, which encompasses the operational capital of that business. In a fund flow statement, the changing net working capital of a company is shown for a specified period. It can be used to assess a company’s financial standing and […]
The filing of your Income Tax Return (ITR) is only the first step in the process. It is equally important for the Income Tax Department (ITD) to verify your ITR before processing your return. You can only receive a refund for verified returns. In such circumstances, a belated return will be required if you did […]
For some services, linking your PAN card with your Aadhaar would have been essential just like filing your ITR. 30th June 2023 is the due date to link PAN with Aadhaar according to the notification. Before that, the due date was March 31, 2023. But the fine shall be obligated to be paid for the […]
Rajasthan’s GST AAR ruled that the Rajasthan Housing Board is exempt from GST for services it provides regarding any function entrusted to it under Article 243 W. A bench which consists two-member, Umesh Kumar Garg and M.S Kavia held that the Rajasthan Housing Board is protected under the definition of “government authority.” Read Also: GST […]
Simple Definition of a Trial Balance A ledger is created when many entries are made in different accounts. Trial balance is the presentation of all the ledger balances on a particular date in a single worksheet. It can be understood by the following: System of Dual Entry – The recording of two consecutive, equal, and […]
If taxpayers and CA professionals face a problem generating UDIN in the official portal. We have published the easy steps to generate the UDIN Number or Unique Document Identification Number in Tax Audit via Gen Balance Sheet Software. We also have included the registration process, UDIN format, etc. All Details About UDIN Each document and […]
International Day of Persons with Disabilities appears on Dec 3 which seems to assist the right the well-being of people who are held with some sort of disabilities. The person who lives with the kind of disability or furnishing towards the maintenance or any medical treatment of the disabled family member can avail of both […]