What is Direct Tax?
Direct Tax is a type of tax where the impact and the incidence fall under the same category and can be defined as a Direct… Read More »What is Direct Tax?
Blackbuck
The blackbuck is also known as the Indian antelope, It is an antelope native to India and Nepal. It inhabits grassy plains and lightly forested areas… Read More »Blackbuck
What is Form 16?
Form 16 is provided by employers to salaried individuals in the country. It contains all the information required by the employee at the time of… Read More »What is Form 16?
Golden Rules of Accounting
The golden rules of accounting apply to the types of accounts related to a financial transaction. There are three golden rules of accounting, which we… Read More »Golden Rules of Accounting
What is Gratuity?
Gratuity is a benefit that is payable under the Payment of Gratuity Act 1972. That is a financial component offered by an employer to an… Read More »What is Gratuity?
Redemption of Debentures
Redemption of Debentures is defined as the settlement of borrowed funds by a company or a firm to their debenture holders after the date of… Read More »Redemption of Debentures
What is Property Tax?
Property tax is the amount that is paid by the landowner to the municipal corporation or the local government for his/her area. The tax must… Read More »What is Property Tax?
Teacher’s Day
Teacher’s Day is celebrated on 5 September every year. It’s a day dedicated to teachers and the role they play in shaping their students’ lives. The day… Read More »Teacher’s Day
Elements of Cost
The elements of cost are those elements that constitute the cost of the manufacture of a product. We can broadly divide these elements of cost… Read More »Elements of Cost
Advantages of Accounting
Advantages of Accounting Maintaining the accounts of financial transactions according to the golden rules of accounting gives several advantages. Maintenance of Business Records: It records all… Read More »Advantages of Accounting