Presumptive Taxation: Did you know small businesses and professionals can simplify tax filing without maintaining detailed accounts? This is possible through presumptive taxation, a system under the Income Tax Act, of 1961, designed to ease compliance for eligible taxpayers. Instead of complex audits, they can declare income at a fixed percentage of turnover under the …
Accounting Careers: Are you curious about pursuing an accounting career? Accounting careers offer numerous opportunities across various industries, ensuring financial stability and growth. Whether you’re new to the field or considering a career change, accounting jobs provide both high earning potential and job security. With the growing demand for skilled accountants in India’s expanding economy, …
PW Skills Vishwas Diwas 2025 Accounting and Taxation Course Offer: Vishwas Diwas 2025 brings an exciting opportunity for learners! On February 28, 2025, PW Skills is offering massive discounts on its courses, including the PW Skills Accounting and Taxation course. This 4-month online program, developed with PwC India, helps you build a strong foundation in …
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Double Taxation: Ever wondered why the same income gets taxed more than once? This happens due to double taxation, where tax is imposed at different levels—such as corporate and personal—or in two different countries. Double taxation in India can affect individuals and businesses, especially in international trade and investments. There are two types of double …
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CMA vs CA: Are you wondering whether to pursue CA or CMA? Both are prestigious qualifications in finance and accounting, but they serve different career goals. Chartered Accountancy (CA) covers auditing, taxation, and financial management, while Cost and Management Accounting (CMA) focuses on cost control, budgeting, and strategic decision-making. If you aim for a broad …
Tax Return: Have you ever thought about why filing a tax return is important? A tax return is a form submitted to tax authorities to report income, expenses, and deductions, helping determine tax liability or refunds. Understanding the tax return meaning ensures compliance with tax laws and financial transparency. So, what are income tax returns? …
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CFA vs CPA: Wondering whether to pursue a CFA or CPA? Deciding between these two prestigious credentials can be challenging. Both offer distinct career paths in finance, but the roles and focus areas differ. A CPA specializes in accounting, ensuring financial transparency and compliance, while a CFA focuses on investment analysis, risk management, and financial …
Chartered Accountant (CA) Job: Ever wondered what makes a CA job one of the most sought-after careers in India? A Chartered Accountant handles financial accounting, auditing, taxation, and management reporting across industries. Moreover, they hold an important position in businesses, guiding finance, tax, and compliance matters. But what does a chartered accountant do exactly? From managing …
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Accrual Accounting: What if your business earned revenue today but didn’t receive the cash until next month? How would you record it? This is where accrual accounting comes in. It’s a method that records revenues and expenses when they are earned or incurred, not when cash is exchanged. This approach gives a clearer picture of …
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Accounting Policies: What makes accounting policies essential for businesses? Accounting policies shape how companies record and report financial data, ensuring accuracy and consistency. These rules define how businesses measure assets, recognize revenue, and estimate expenses, making financial statements reliable for investors and regulators. Understanding accounting policies helps in comparing financial data across periods and companies. …
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