EPFO Login: Step-by-Step Guide to UAN Member Portal Access
When you look at your salary slip, you see your basic pay, your HRA, and then a little deduction called ‘PF’ or Provident Fund. You know it is your money, and you know it is being saved for retirement, but for many people, that money feels like it disappears into a black hole. If you […]
Capital gain can be understood as the net profit which an investor makes on selling any capital asset which exceeds the purchase price. This total value that one earns by selling any capital asset is taxable income as per the Income Tax Act 1961. For anyone to be eligible to get tax benefits in
What is business Inventory? Inventory is also known as the merchandise, in a business, which refers to the materials and goods which a business has for sale to its customers for the future. In simple words inventory meaning, the materials and goods act as items to be sold by a business for profit to
NEFT (National Electronic Funds Transfer), RTGS- (Real Time Gross Settlement), and IMPS – (Immediate Payment Service) are all electronic funds transfer systems in India, differing in transaction limits, timings, and processing speeds. NEFT operates in batches, settling transactions hourly, while RTGS processes transactions individually in real-time, with higher minimum transaction limits. IMPS offers instant,
In the era of the digital world, the advancements of technology have led to various operations which required time and effort – an easy task. For example, the financial and banking operations can be done without visiting the bank. There are many things you can do like transferring money, checking account balance, depositing money
(District Industry Centre) DIC Loan Scheme DIC full form is District Industries Centre (DIC). It is a central sector scheme with the objective of promoting small village and cottage industries in a particular area. The DICs have been established in various districts of India at varying times since 1978 when it was launched. Being
Financial Accounting has its origin in the ‘Principle of Duality’. This principle says that each and every business transaction that is written in accounts books has an effect that is twofold. In other words, every transaction has to involve at least 2 accounts while being recorded in account books. . Let’s understand accounting account
Lately, the Government of India has introduced a drastic change in its E-way bill generation mechanism on its E-way bill portal. It blocks the facility for those taxpayers who failed to file their tax returns for the last two months. Thus, if you fail to file your tax returns for two or more months
Short-term funding that a business or trade can draw on using its receivables is termed as accounts receivable financing. Basically, it is a type of financing process in which a firm receives monetary aid related to a portion of its accounts receivables. These can be divided into several ways, often with the basis being
If you’re a business owner in India, you’ve seen that 15-digit GST Identification Number countless times. It’s on every invoice you issue, every bill you receive from a registered vendor, and every GST return you file. The most crucial part of the GSTIN is the first two digits. These two numbers are the key
Running a business means managing unpredictable cash flow. You might need a quick capital injection to buy inventory for a surprise order, cover operational costs during a slow month, or bridge a financial gap while waiting for a client’s payment. In these situations, a traditional, long-term business loan might not be the right fit.
