Taxinfo.inJul 13, 20183 minMeaning of Debit Note and Credit Note and use in GSTMeaning of Debit Note Debit Note is a document/voucher given by a party to other party stating that such other party’s account is debited in the books of sen...
Taxinfo.inJul 4, 20183 minWhat is Depreciation? Meaning, Methods, CalculationsWhat is Depreciation? Depreciation is the reduction in the value of assets due to wear and tear. Every asset is subject to wear and tear in the ordinary cour...
Taxinfo.inJun 22, 20186 minNational Skills Registry (NSR)What is National Skills Registry (NSR)? National Skills Registry is a scheme undertaken by NASSCOM, which is an head authority for all the IT / ITeS / BPO co...
Taxinfo.inJun 13, 20183 minProfessional Tax in IndiaProfessional Tax is a state level tax levied by State Governments. It is applied to individuals, who is earning by way of salary income or practising a profe...
Taxinfo.inJun 12, 20185 minWhat is Deferred Tax Asset and Deferred Tax Liability (DTA & DTL)?What is Deferred Tax Asset and Deferred Tax Liability (DTA & DTL) In some cases there is a difference between the amount of expenses or incomes that are cons...
Taxinfo.inJun 4, 20188 minPartnership Act, 1932 – Important PointsApplicability This act applies to the whole of India except the state of Jammu and Kashmir. Formation The relationship of partnership arises from contract an...
