Majority population of our country is the hardworking class of people who are under employment of some or the other organisation. They render their services to their employers in return for a consideration in the form of salary. There exists a formal employer employee...
Depreciation means reduction in the value of a particular asset due to wear and tear process. Depreciation is calculated by using two methods which are i) SLM i.e. Straight Lime Method or ii) WDV i.e. Written Down Method Income tax allows using of WDV method for...
One of the fears every businessperson has is about incurring bad debts and the claim of such bad debts being disallowed in the books of law. Bad debt represents the financial loss that a business incurs when customers fail to repay credit or outstanding balances....
Government of India with the help of CBDT have aimed at ensuring accuracy, transparency and authenticity of financial transactions carried out by different types of persons. Since we live in the age of automation, keeping a track of activities done in the financial...
The maximum marginal rate in income tax refers to the highest percentage of tax applied to the income earned belonging to the highest tax bracket. However, it’s essential to recognize that not all income is taxed at the maximum marginal rate. Instead, only the...
The season of filing income tax returns generally begins the beginning of a new financial year. It is important to file correct and accurate income tax returns to safeguard yourself from scrutiny or notices by department of income tax. After completion of ITR filing...
Sinewave Computer Services Pvt. Ltd. (ISO 9001-2015 Certified) is 36 years old income tax and HR solutions software development company situated in Pune, Maharashtra, India. We are catering to 20,000+ customer base across India.
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