Articles by Chandra Sekhar Reddy

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Income tax benefits for FY 2019-20 (AY 2020-21)

  Chandra Sekhar Reddy    15 June 2020 at 08:44

June 30 th is an extremely important deadline for the taxpayers. Here are some exemptions you can claim before June 30th.



Accounting for Bad debt written off

  Chandra Sekhar Reddy    27 April 2020 at 10:49

Accounting for Bad debt written off is done in two methods, allowance method and Direct written off method.



What is letter of credit?

  Chandra Sekhar Reddy    27 April 2020 at 10:49

Letter of credit is a written document issued by the bank on request of its customer, promising to pay a specified sum in a specified currency by a buyer's (or importer's) bank i.e. issuing bank to the seller's (beneficiary or exporter's) bank i.e. accepting bank or negotiating bank or paying bank for providing of goods and services.



IT slab rates for FY 2020-21

  Chandra Sekhar Reddy    24 April 2020 at 10:31

Income Tax Slab Rates for the FY 2020-21 and AY 2021-2022. The taxpayers can pay tax under new or concessional rates in FY 2020-21.