As the tax filing season approaches, people get anxious about filing their income tax returns. This anxiety is there mainly because of the intricate nuances or complexities in the process of filing tax returns. Many people need help with the whole process. However, if one focuses on the guidance and knowledge around tax filing, then …
A Comprehensive Guide to Filing of Income Tax Returns 2023 Read More »
Technology has been changing rapidly in today’s world, but the one sector that witnessed maximum transformation is finance. The technology of Machine Learning has made machines more able to handle various calculations in seconds. This not only adds convenience to human work but also brings more accuracy and efficiency. Let us understand how Machine Learning …
The Impact of Machine Learning on Accountants and Auditors Read More »
In the Indian taxation system, Goods and Services Tax (GST) has been a transformative decision. It has unified various taxes into one. The purpose of unifying these taxes is to ensure timely and accurate payments. Digitalisation has made it convenient for people to pay GST online. Let us understand the process of paying GST online: …
Embarking on the journey of Goods and Services Tax (GST) registration is akin to stepping into the formal corridors of the Indian taxation system. In this landscape, the recent introduction of second-level verification (SLV) for new GST registrations adds a layer of assurance, ensuring that businesses entering the GST fold are not only genuine but …
Decoding Second-Level Verification for New GST Registrations Read More »
In today’s rapidly changing world, safely sending and receiving money across borders has become so important in your life. That’s where SWIFT comes in – they’re like your trustworthy friend helping your money travel where it needs to go, fast and without worry. In this article, Let’s break down how SWIFT works and why using …
SWIFT Payments Explained: Features and Benefits for You Read More »
In today’s fast-changing tax scene, embracing digital solutions is key to streamlining how you handle your responsibilities. One helpful new way to do that is through e-KYC on the GST portal. This modernised approach simplifies life and marks an essential step toward a secure, tech-savvy system for paying taxes. Understanding e-KYC: E-KYC lets businesses electronically …
Many millionaires don’t abide by this rule in a world where it is a civilian’s responsibility to file income tax returns. Irrespective of the severe consequences they may face, there are still around 1,000 millionaires who have not filed their returns. The question is: Why millionaires don’t file income tax returns? The following are some …
Nearly 1,000 Millionaires Haven’t Filed Tax Returns Read More »
Technology has been a boon for people in today’s world, especially the financiers and accountants. They can keep their work organised with the help of applications. Numerous processes in accounting require layers of calculations and data analysis, for example, automating repetitive tasks to enhance data security. Accountants can now depend on technology for these processes. …
Audit case studies provide valuable insights into the world of auditing, offering lessons that can shape the profession and help auditors navigate complex challenges. In this blog, we delve into some famous audit case studies that have impacted the auditing profession. These case studies demonstrate the importance of thoroughness, professional scepticism, and adherence to auditing …
Famous Audit Case Studies: Lessons Learned from Noteworthy Audit Failures and Successes Read More »
Summa de arithmetica, authored by Luca Pacioli in 1494, holds a significant place in accounting history. This blog explores Summa de Arithmetica’s profound impact on modern accounting practices’ development and its continued relevance in the field today. 1. Introduction of Double-Entry Bookkeeping: One of the most transformative aspects of Summa de arithmetica was the introduction …
Summa de Arithmetica: Its Enduring Influence on Modern Accounting Read More »
