Accounting In Xero Software
Reading Time: 2 minutesXero software is a cloud-based accounting platform which is already popular in countries like U.S, U.K, Australia, etc. is getting popular in India. Softwares like xero which are cloud based will slowly change how the accounting is done in India. Lets take a dive on how it works.
Difference In Indian & US Accounting
Reading Time: 3 minutesThe main difference in both accounting is the accounting standards. Indians use IFRS or IND AS while in USA follows US GAAP. Apart from this their are major differences between both which we have tried to jot down in this article.
Accounts Outsourcing To India – A Beneficial Affair
Reading Time: 3 minutesAccounting is the basis for any business to keep track of their business financial operations. It helps to analyze the entity’s financial statements and maintain better control over the cash flow.It is good to have an in-house accounting team for accounting, but for small and medium-sized enterprises, it can be expensive to take care of their company’s accounts. Therefore, outsourcing accounting to India can considerably save time, effort, and costs.
Accounting in QuickBooks
Reading Time: 3 minutesQuickbooks is an accounting software for small and medium-sized businesses. It offers various versions for manufacturers, wholesalers, freelancers, professional service firms, contractors, non-profit entities, or any industry, including restaurant, retail, construction, legal, and more.Moreover, Quickbook versions are also available in many different markets such as Canadian, British and Australian.
Section 206AB – Penalty For Not Filing ITR
Reading Time: 3 minutesGenerally any taxpayer who expects his tax to be less than the TDS to be deducted under any section may apply to AO with all necessary evidences for lower deduction of TDS. Especially NRI having no income in India benefit from this when they are selling a property. In this article we have given a brief of Form 13 application for lower deduction of TDS.
