Venkkatesh K income-tax direct-tax, income-tax, income-tax-act, India, questions-and-answers 0
With the Finance Act 2017, a new section 269ST has been incorporated in the Indian Income Tax Act, 1961 which completely deals with what happens when any Person received an amount of Two Lakh (2,00,000) or more Indian Rupees in Cash. Section 269ST, clearly says that No Person shall receive an amount of 2,00,000 or […]
Venkkatesh K income-tax direct-tax, income-tax, India, pan-card, questions-and-answers, Taxation 0
With the Finance Act 2017, section 139AA has been introduced in the Income Tax Act 1961, which deals with quoting of Aadhar Number or Enrolment ID of the Aadhar Application while obtaining the PAN (Permanent Account Number) or while submitting the Return of Income through ITR Forms. On, April 5th of 2017, the Commissioner of […]
Venkkatesh K tally faq, questions-and-answers, tally-tips 2
Tally.ERP 9 will be having the 28 pre-defined Primary and Sub-Groups, out of which 15 are Primary Groups and 13 are Sub-Groups. Apart that we can create our own set of Groups using the Group Creation screen. In Tally ERP 9 there are two kinds of Groups for Ledgers. The first one is Pre-Defined or […]
Venkkatesh K tally Accounting, questions-and-answers, tally-tips 3
Usually, Customer Advances are shown in the Balance Sheet of an enterprise to show the business efficiency. So, that firm will get good response from the Inventors and Bankers to attain the Short Term or Long Term Capital. We can create a Ledger Account for Customer Advances in Tally.ERP 9 Accounting Software. We have discussed […]
Venkkatesh K Uncategorized Accounting, accounting-entries, questions-and-answers 0
Advances Receipts is the common practice of every Business and it is seen everywhere in the world. When we want to buy a Car we have to first Look the Car by paying off the Advance amount at Car Show Room. The Car Show Room accountant will have to consider it as an Advance from […]
Venkkatesh K banking Banking, Finance, questions-and-answers 3
The person who drawn the Demand Draft (DD) or the purchaser of the DD will be having the authority to cancel the DD at any time after it was issued by the Banker. And there are certain rules formulated by the Bankers on their own and even must abide by the Guidelines of the Reserve […]
Venkkatesh K Uncategorized questions-and-answers, tally-erp-9 0
Whenever a company purchases a Computer Peripheral such as Key Board, Mouse, or Speaker it can be treated as an addition to the Computer System or we can separately show it under Fixed Assets like Computer Peripherals. Both are allowed as per accounting. Speaker Purchase entry in Tally ERP 9 If you have shown the […]
Venkkatesh K Uncategorized direct-tax, E-Filing, income-tax, India, questions-and-answers, Taxation 0
Filing Income Tax returns through Online is simple and easiest way. And most of the Assessees just opens their e-filing Account just one a year at the time of e-Filing their Income Tax returns. Few of them could forget their password to login. They can create a new password with Forgot Password feature. Reset Password […]
Venkkatesh K Uncategorized CST, indirect-tax, questions-and-answers, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Recently Andhra Pradesh State has been divided into Telangana State and Residuary Andhra Pradesh State governments and TIN Numbers also changed. Earlier the TIN Number was starting with 28 but after June 2 of 2014 year the TIN Number for Telangana state starts with 36 where as for Residuary Andhra Pradesh state it is 37. […]
Venkkatesh K Uncategorized Legal Documents, letter-drafting, questions-and-answers 8
When we applied for a PAN Card, we get that through Registered Post to the Communication address mentioned in the Application form. But what happens when we fail to receive the PAN Card due to went to vacation holidays or some other reason. Your local Post Man will return the Document to the sender address. […]
