Articles by Mitali

Salary Slip with Format and Its Important Parts

Mitali 16 February 2024 at 16:22

A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.

12% GST on Footwear

Mitali 06 February 2024 at 16:19

GST rate for footwear is 12% (6% CGST + 6% SGST) priced below Rs. 1000.

Rent Receipt with Revenue Stamp

Mitali 25 January 2024 at 13:45

A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent

Concept of Income Tax

Mitali 09 January 2024 at 17:54

Understanding tax concepts is very crucial as its helps individuals and businesses to plan their finances more effectively.

GST Full Form and Meaning

Mitali 09 January 2024 at 15:51

GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.

The Golden Rules of Accounting

Mitali 08 January 2024 at 16:06

Golden Rules of Accounting means guiding principles for recording transactions correctly. The 3 main Golden Rules are Personal Accounts, Real Accounts and Nominal Accounts.

How to file GSTR-9

Mitali 11 December 2023 at 13:20

GSTR-9 is a summary report that businesses file annually, consolidating details of their sales, purchases, tax liability, and input tax credit for the entire financial year.

Remuneration for Company Directors

Mitali 07 December 2023 at 11:54

Director's remuneration refers to the compensation or payment that directors of a company receive for their services and responsibilities. Remuneration for directors (including managing or whole-time directors) is decided by the articles of the company or by a resolution in a general meeting.

How to Detect Fake Invoices under GST

Mitali 29 November 2023 at 14:44

Fake invoices refer to documents that falsely represent a transaction between two parties, typically involving the exchange of goods or services for payment. These invoices are deliberately created to deceive and can be used for various fraudulent purposes.

Payment of Stamp Duty on Shares

Mitali 28 November 2023 at 17:11

Stamp Duty on Shares is a government-imposed tax on the exchange of financial securities, as outlined in the Companies Act, 2013. This duty is applicable to transactions involving a transfer deed, such as the exchange or transfer of shares, or a change in ownership of property.