Corporates & Colleges

FOR CORPORATE TRAINING An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. We have customized programs arranged for different corporate training, depending on type of industry, type of corporate people & difficulty faced by…

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E-filing of ITR made Compulsory for Individuals and HUFs who are covered u/s 44AB

The Efiling of ITR 4 has been made compulsory by the Income Tax Department for the Assessment year 2010-11 for those individuals and HUFs who are required to get their accounts audited u/s 44AB of Income Tax Act by a notofication No.49/2010[F.No.142/15/2010-TPL], dated 9-7-2010.Earlier it was only Firms  who were liable to get their accounts audited u/s 44AB and the companies were compulsorly required to file their ITR online.

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Basics of Accountancy

Financial Accounting

Financial accounting is concerned with recording and processing all transactions with outsiders and events affecting the financial position of the firm. This leads to the preparation of the annual profit and loss account and the balance sheet.

 

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