A guide to the e filing ITR for a small Proprietorship Business
Filing Income Tax Returns (ITR) is essential for a proprietorship businesses as it ensures compliance with tax regulations and demonstrates financial transparency. As the sole owner of the business, the proprietor is personally liable for all financial transactions and income generated. Filing ITR n...
Update on GST Council on March 2024
In March 2024, the Gross Goods and Services Tax (GST) revenue hit a landmark, reaching ₹1.78 lakh crore, marking the second-highest collection ever. This represents an impressive 11.5% year-on-year growth. Notably, domestic transactions contributed significantly to this surge, accounting for a 17.6%...
Best business ideas in Kashmir
In the picturesque valleys of Kashmir lies a world of untapped business potential, ripe with opportunities waiting to be explored. From traditional handicrafts to modern technology ventures, the region offers a diverse array of promising business ideas in Kashmir.Entrepreneurs willing to explore the...
45-Day Payment Rule for MSME
India's small businesses are facing difficulties with debt and late payments. The Union Finance Ministry is thinking about delaying Rule 43B (h) of the Income Tax Act. This rule says payments to micro, small, and medium enterprises (MSMEs) must be made within 45 days. Reports suggest that the d...
Top Wholesale Markets in Kashmir
Nestled amidst the breathtaking Himalayan landscape, Kashmir is renowned for its picturesque beauty and vibrant culture. However, beyond its scenic allure and attractive Kashmir tour packages lies a bustling hub of commerce - the wholesale markets. These markets serve as the backbone of Kashmir's ec...
Difference between cost accounting and financial-accounting
What is cost accounting ? Cost accounting is a branch of accounting that focuses on analyzing, recording, and tracking the costs associated with producing goods or services within a business. It involves the classification, allocation, and monitoring of expenses to help management make informed...
How to Set Up an Essar Petrol Pump Dealership in India
Gas station or Petrol Pump businesses are usually very profitable. As more vehicles are on the roads, the demand for petrol and diesel goes up. This means petrol pumps can make good money. So, starting a petrol pump is a great choice for anyone looking to start a new business.To set up an Essar petr...
What is MFG? Know its Types, Process with Examples
What is MFGMFG stands for "Manufacturing." It's the process of making things, like toys or cars, in big factories. Imagine a place where workers use machines and tools to create products we use every day. MFG involves designing, producing, and putting together different parts to make the final item....
Detail description of sundry Creditors with example
What are Sundry Creditors?Sundry creditors refer to the individuals or entities to whom a business owes money for goods or services received on credit. These creditors are a crucial aspect of a company's financial dealings, representing the outstanding payments that the business needs to settle in t...
What is petty cash book? How it is prepared? Types, Format, Pros and Cons
What is a petty cash book?A petty cash book is a manual or electronic ledger used by businesses to record small, routine expenditures made in cash. It helps in recording little expenses, such as buying office supplies, coffee for meetings, or small things needed day-to-day. In this book, there...
Get started with Billclap
SELL Online at 0% Commission. Indian eCommerce Solution