Archive for the Accounting Category

Top 10 Excel formulas for Accountants & Auditor

Top 10 Excel Formulas for Audit and Income Tax Excel is one of the most powerful tools for accountants and tax professionals. Whether you’re preparing for an audit, working on GST filings, or managing income tax calculations, Excel formulas can Read More…

GST checklist for Statutory Audit

What Is a GST Audit and Why Is It Important? Goods and Services Tax (GST) Audit is a detailed examination of your business’s GST records, returns, and compliance to ensure accuracy and adherence to the GST law. It is an Read More…

List of 10 best of Accounting Software for Small Business

What Are the 10 Best Accounting Software for Small Businesses? Choosing the right accounting software is critical for small businesses to maintain accurate books, stay GST- and tax-compliant, and gain actionable financial insights. Here’s an updated guide featuring official links Read More…

What is Section 80C & 80D Deductions

How to Track Section 80C & 80D Deductions Effectively for Income Tax? Tax planning is an essential part of personal finance, and understanding deductions under Section 80C and Section 80D of the Income Tax Act can significantly reduce your tax Read More…

What is GST Input Tax Credit (ITC) Reconciliation?

What is GST Input Tax Credit (ITC) Reconciliation? GST Input Tax Credit (ITC) Reconciliation is the process of matching the ITC claimed by a taxpayer in their GSTR-3B returns with the ITC available as per the supplier’s GSTR-2A or GSTR-2B. Read More…