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How to Get Importer Exporter Code (IEC) Number in India?

This article “how to get an importer exporter code number (IEC number) in India” is basically for those who have an interest to start the business of import export into or from India. Export at these days is one of the most high-income businesses in India. The income from export business is also exempted from tax to the specified extend under the income tax act, 1961. There is no sales tax/VAT on exports. Ministry of .....

How to Form a Private Limited Company in India

As you reach this article how to form a private company means you want to go through the basic and step by step guidelines to set up a private limited company. We will discuss in this article various formalities associated with company formation. There are lots of advantages of a private company over a partnership firm as it is a separate legal entity, limited liability of members, equitable distribution of profits, tax benefits. We will .....

Procedure of TDS in Tally.ERP

It is very easy to do all TDS procedures like entries, Challan, Payment and even TDS Returns in Tally.ERP. Tally.ERP has all options and features for statutory compliances. I think all Accountant must see the below slideshow. The following features are highlights of TDS Procedure in Tally.ERP Enabling Tax Deducted at Source (TDS) in Tally. How to Create Ledger of TDS in Tally ? You can also deduct TDS on lower rate according to TDS .....

How To file Income Tax Return Online ?

In this article I will try to tell all aspect of online income tax return. It is very easy task for layman even you don’t required any software. However you need to know about scrolling of computer mouse. There are lots of benefits to file income tax return online. No need to stand in long queues at the income tax department.  No fear of lost any document, one can print and download whenever you wants .....

How to Treat Service Tax in Tally9 or Tally.erp

Service tax integrated in Tally 9 takes care of your service tax transactions. It eliminates error-prone information, incorrect remittance, penalties, interests, compliance issues, etc. Service Tax in Tally 9 needs a one-time configuration for service tax features to be activated. Tally tracks bill-wise (bill-by-bill) detail and automatically calculates service tax payable and input credit with the flexibility to make adjustments later. Service tax is part of a regular transaction. Information on service tax is maintained .....

How to Form a Charitable Trust

A public charitable or religious institution can be formed either as a Trust or as a Society or as a Company registered u/s 25 of the Companies Act. It generally takes the form of a trust when it is formed primarily by one or more persons. To form a Society at least seven persons are required. Institutions engaged in promotion of art, culture, commerce etc. are often registered as non-profit companies. These forms are enumerated .....