Category: Finance

There are several strategic planning tools that organizations can use to analyze their current situation, set goals, and develop action plans. Here are some commonly used strategic planning tools: SWOT Analysis: As mentioned earlier, SWOT analysis helps identify internal strengths and weaknesses, as well as external opportunities and threats. PESTEL Analysis: This tool evaluates the… Continue reading Strategic Planning Tools

Your credit score is a number that lenders use to assess your creditworthiness. It is based on a number of factors, including your payment history, the amount of debt you have, and the length of your credit history. A good credit score can help you get approved for loans and credit cards at lower interest… Continue reading How to improve your credit score

Here is a step-by-step breakdown of the entire registration process: ere is a step-by-step breakdown of the entire registration process: Apply for a digital signature certificate. It is a digital equivalent of a physical signature and is a requirement for all directors and shareholders. Only authorised personnel can use such signatures. Apply for a director identification… Continue reading How to register a private limited company?

The Automated Clearing House (ACH) is an electronic payment network used for processing various types of financial transactions in the United States. It is a system that enables the secure transfer of funds between banks and other financial institutions. The primary function of the ACH is to facilitate batch processing of transactions, which include direct… Continue reading Automated Clearing House (ACH)

National Defence Fund set up by the Central Government. Prime Minister’s National Relief Fund. In presumptive taxation under Section 44AD, your net income is considered as 8% of your turnover and you will pay tax on that income. If your receipts are in digital (non-cash) form then only 6% of your receipts is your net… Continue reading Benefits of Presumptive Taxation

Here are the steps on how to file taxes: Gather your tax documents. This includes your Form 16 (if you are a salaried employee), Form 26AS (which shows all the TDS deducted from your salary), and any other documents that show your income and expenses. Choose the right income tax form. There are different income tax forms… Continue reading How to file tax

Under the old tax regime in India, here are some tax-saving ideas you can consider: Utilize deductions under Section 80C: Take advantage of deductions available under Section 80C of the Income Tax Act. You can invest up to Rs. 1.5 lakh in eligible instruments such as Employee Provident Fund (EPF), Public Provident Fund (PPF), National… Continue reading Tax saving ideas under the old tax regime

Personal finance refers to the management of an individual’s financial resources, such as income, expenses, savings, investments, and debt. It involves making informed decisions to achieve financial goals, maintain financial stability, and secure one’s financial future. Here are some key aspects of personal finance: Budgeting: Creating a budget is fundamental to personal finance. It involves… Continue reading Personal Finance

The SOP for TDS under GST further elaborates the cases where TDS under GST need not be deducted. 1.The total taxable value of supply is less than or equal to Rs.2,50,000 2.Receipt of goods or services which are exempted as per notification no. 12/2017 and 2/2017 dated 28.06.2017 as amended from time to time. 3.Goods… Continue reading Non-applicability of TDS under GST