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Basic Concepts Of Income Tax
Q: What is Tax ? Ans : It is an Amount which is payable by a person to the government so that govt can meet out of its certain expenses for which directly there are no charges. For Example: Defense, Hospitals,...

Prashanth Reddy | 1 day ago

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Introduction Of Auditing
What is Audit? It can be said that auditing is the process by which a competent independent individual collects and evaluates evidence to form an opinion and communicates his opinion to the person interested,...

Prashanth Reddy | 1 day ago

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Check and balance in cash flow
Cash flow statement is not the part of double entry book keeping process which starts from journal entry and sums up in balance sheet. But is drawn on the basis of balance sheets of two years it'sanswer...

Ankush Garg | 3 hrs ago

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Trending Discussions


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SHARP | 2 days ago

CS course has 3 levels- Foundation, Executive and Professional. After completing undergraduate, one can skip the first step and directly register for Executive level and can appear for its exam after 1 year of registration.

Study Lab | 1 day ago

If you have completed your graduation you can join the executive level, else you will have to do an additional level of foundation.


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Krishan Mehra | 04 Feb

Practice is the only tool to become master of any subject, specially in accounts n mathematics i.e. in practical subjects.

Kapil | 5 days ago

Don't know, you talking about accounting as subject or accounting on tally like software. If it's about subject then knowledge of accounting concepts and then solving practice questions can help you to be fast in accounting and If it's about tally or so then you must use tally for accounting of any business organisation, it will build your practical accounting confidence. Joining an accounting or CA firm can be helpful. Best of luck.


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Meghana Rane | 01 Feb

Any Individual or group of Individual or artificial bodies who/which have earned income during the previous years are required to pay Income tax on it. The IT Act recognizes the earners of income under seven categories. Each category is called a Status. These are Individuals, Hindu Undivided Family [HUF], Association of Persons [AOP], Body of individuals [BOI], Firms, Companies, Local authority, Artificial juridical person. When Companies pay taxes under the Income tax Act it is called Corporate tax.

Bhanwar Singh | 02 Feb

Assessee is liable to pay income tax above exemption tax slab brackets.


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Rajkamal Chicha | 11/12/2016

Say Principal=1 Lac Int 12% Year 1. EMI = 100000*1/100(1+1/100)^12 divided by ((1+1/100)^12-1) use "Full Calculation" option. mentioned as "F" ; Cut ; 5/4 of calculator we will find 101/100^12= 1.126825 multiply by 1000 and second block results comes (1126.825-1=.126825). now devide 1.12685/.12685 So EMI is Rs 8885/-. (Now for Interest portion 100000/- 1% (12/12 p.month)=1000/- . Subtract Rs 1000 from 8885/- it comes to 7885/- as principal and 1000/- as interest. Next month (100000-7885=92115 as principal and interest 1% of 92115/- i.e 921 so breakup of 2nd installment (8885-921=7964). 3rd installment (92115-7964=84151 and interest is 842 principal is 8885-842=8043 and so on. Just note down on a paper in vertical form for easy understanding.


Sudhanshu Kumar Jain | 14/12/2016

Rs. 1,00,000/PVAF (r%, n years).


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Sashi Rai | 16/11/2016

Yes, you can teach. Language is no any bar in making understand the concept to others if one can understand the same language.

Psb Tutorials | 28/11/2016

Yes of course, language is not a matter for knowledge transfer and secondly students prefer to learn in easy language.

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