There are various reasons because of which business closures happen but whatever may be the reason, it is important to inform about the closure to the government. This can be done by writing business closure letter to government. This kind of letter includes reason for the closure and is usually a short letter. Just like […]
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Calculation of GST on Purchase or Sale of Foreign Currency in Excel Format
The service of currency exchange has a service charge on the gross amount of currency exchanged. The Service of supply of foreign exchange will get cheaper with the introduction of GST. This GST is applicable under 32(2) b of CGST & SGST rule of 2017. Value of Foreign Currency Exchange (In INR/Per Transaction) GST Upto […]
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Download Custom Duty Calculation in Excel Format
Custom duty is another form of indirect tax levied on all the goods and services imported and some specific goods exported outside the country. Duties levied on goods imported is known as import duty and duty levied on exported goods is export duty. It is a means of revenue to domestic countries to preventive predatory […]
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List of Important Direct Tax Sections
Its very important for IPCC students. LIST OF IMPORTANT SECTIONS IMPORTANT DEFINITIONS & BASIC CONCEPTS Sections Provisions 2(31) Person 3 P.Y. 2(9) A.Y. 2(7) Assessee 2(24) Income 2(45) Total Income RESIDENTIAL STATUS Sections Provisions 2(26) Indian Company 2(30) NR – Individual 5(1) Incidence of tax on R/ROR/RNOR 5(2) Incidence of tax […]
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Best IPCC Costing Theory Notes
Superb Summary… CHAPTER 1 BASIC CONCEPTS Student’s Tip – Students should prepare this chapter thoroughly from two view points, namely, one in every examination some marks are attributed to this chapter and two, unless students understand the concepts discussed here, they will not be able to grasp the following chapters easily. SYNOPSIS : 1. […]
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