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Updated on June 5th, 2019 in Finance & Accounts

Income Tax e-Filing – A Step By Step Guide to Filing Income Tax Return Online

Filing income tax return is mandatory for every eligible taxpayer in India. However, the government of India has made this process simpler and more transparent by introducing the option of e-filing income tax returns. To know the details of filing income tax returns online, read on.   The following topics have been discussed in this…

May 31st, 2019 in Finance & Accounts

Letter of Intent

LOI or letter of intent is a formal document that displays the commitment of 1st party with another to do some sort of business. Moreover, the Letter of Intent (LOI) holds all the terms and condition of the deal. LOI’s are generally used in major business transactions. Details in Letter of Intent Here is the…

May 31st, 2019 in Finance & Accounts

Purchase Order (PO)

Purchase order (PO) is a formal document issued by the buyer to the seller that authorizes the purchase transaction. However, the purchase order once accepted by the seller becomes a binding contract between the parties involved in such a transaction. Purchase Order Fields Normally, a purchase order contains the following fields: Issuing entity name: The…

May 30th, 2019 in GST

Passenger Transport Services under GST

GST council decides the GST rate on goods and services and the council includes state and central government member. To decide the GST rate slab there were various meetings that took place in 2017. After discussion they decided the 7 rate slabs for GST namely 0%, 0.25%, 3%, 5%, 12%, 18% and 28%. And in…

May 30th, 2019 in Finance & Accounts

Letter Proposing Payments in Installments

Payment plays a very significant part in any business as it keeps all the business activities intact. Imagine that if your business keeps supplying product or services with getting the actual payment. Therefore, payments acquire bread and butter to the table of business. So when a person cannot make the whole payment instantly letter proposing…

May 29th, 2019 in Finance & Accounts

Appointment Letter of Non-Executive Independent Director

An appointment letter is a formal notice that consists of all the terms and condition regarding the appointment of a non-executive independent director. The terms & conditions may include duties and key responsibility areas of such non-executive director towards the appointing company. A non-executive director is a person who is a part of a company…