Happy Holi!! ❤️🧡💛💚💜
On the auspicious day of Holi, May the Almighty bless us all with good health, wealth, peace, joy, happiness and above all, togetherness.
A very Happy Holi to everyone.🔴🟢
Income Tax Saving (Deductions on Section 80C , 80D and others)
Deductions Available under Chapter VI of income tax
Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions from the gross total income on account of various...
Basic Information about Companies
COMPANIES
SECTION 2(20)
As per Section 2(20) of Companies Act, 2013 A company means a company incorporated under this act and any previous Company law.
Features of company
T – Transferability of shares
O – Ownership is different from...
Bid Adieu 2021 and Welcome 2022
Enjoy this special time of year with those you love, and may the God bless you all with a happy and healthy New Year.We wish you and your loved ones a very Happy and...
Merry Christmas and Happy New Year
Warmest wishes from www.overallaccounting.com for a wonderful Christmas and a lovely new year that is full of great #health, #happiness and #success in all your #future endeavors.
GST amendment w.e.f. 1st January 2022
We would like to inform you that CBIC has notified the specific provisions to be effective from 1st January 2022.
We have summarized a few of them below.
1. Blocking of GSTR-1 for non-filing of...
Basics of Accounting
Accounting
•Accounting is the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions. Put more simply, accounting is the “language of business.”
•“Accounting is the art of recording, classifying and...
Key Terms of Budget
Guide to understand Budget 2021(For Apr 2021 to March 2022)The budget is also known as the annual financial statement, which is presented by the government to highlight its expenditure and receipts.* Revenue expenditure (Income...
Double-Entry System
What is the Double-Entry System?
The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double-entry system also requires that for all transactions, the amounts...
KEY WORDS OF ACCOUNTING
1. Business
Any legal action that is done in order to earn income or profit is called business. It includes the production of goods and services, purchase and sale of goods and services, banking, insurance,...
