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Accountancy

The Golden Rules of Accounting

What is the Golden Rules Of Accounting?  Financial Accounting  is not just bookkeeping. In accounting transactions are recorded …

bySandeep Ojha -October 25, 2022

Componenet of Income Tax

Component of Income Tax

Table of content 1) Income Tax Act 1961 2) Annual Finance Act 3) Income Tax Rules 4) Circular and Notif…

byCommerce Tutors Team -January 22, 2022

Income Tax

Introduction to Income Tax Act 1961

In India, Income tax is a tax you pay to the government based on your income. The government uses this tax money for vario…

bySandeep Ojha -July 14, 2020

Accountancy

Terminology of Accounting(लेखांकन की पारिभाषिक शब्दावली)

1) Trade(व्यापार) :-    Purchase and sales of products for motive of earning profit is known as Trade.(लाभ कमाने के उद्धेश्य स…

bySandeep Ojha -June 23, 2020

Concept of Hindu Undivided Family (HUF)

Concept of Hindu Undivided Family (HUF)

Concept of HUF The term 'Hindu Undivided Family' has not been defined under the Income Tax Act. It is defined under t…

bySandeep Ojha -March 18, 2020

Diffrence between Previous year & Assessment years

Diffrence between Previous year & Assessment years

Assessment Year [Sec. - 2 (9)] Meaning and Definition  Assessment year refers to a year in which financial year is asse…

bySandeep Ojha -March 18, 2020

Accountancy

What is Capital ? ( Meaning, Definition and Type of Capital)

Capital is an investment which invested by Partners, Proprietor, or an Entrepreneur, in their businesses. The capital may be in…

bySandeep Ojha -March 05, 2020

Accountancy

Creditor (Meaning, Definition,Types of Creditor)

What is Creditor? Any person or organization who sales goods or services in credit or grant money on credit to the other perso…

bySandeep Ojha -February 29, 2020

Income Tax

What is Tax Deduction at Source (TDS)? Meaning, Definition, and various tax deduction sources

What is TDS? TDS is basically a part of income tax. It has to be deducted by a person for certain payments made by them. TD…

bySandeep Ojha -February 29, 2020

Income Tax

Residential Status of Hindu Undivided Family (HUF)

HUF is a short form of Hindu Undivided Family. HUF is under in categories of persons under income tax act. The main motive to cr…

bySandeep Ojha -February 28, 2020

Income Tax

Residential Status Under Income Tax Act, 1961

Hindi Income tax Accounting Before calculating taxable income first thing is the need that we should know about the residential…

bySandeep Ojha -February 28, 2020

Definition and type of Persons

Definition and type of Persons

Person includes Individual, Hindu Undivided Family (HUF), a Company, a Firm Associations of Person Body of Individual Loc…

bySandeep Ojha -February 25, 2020