Dear readers, Accountinghead.com is now on facebook. We have set all our updates automatically posted in facebook wall as well as our page .Hence my friends can see what is new in my wall. We knows you all are active on facebook. Let’s make facebook, a community to discuss  our problems, Read More

Recently Some state govt has changed the existing tally rates. But the changed rates are not exist in tally by default , many are facing difficulty in preparing invoice, creating new ledgers or editing existing ledgers due to the absence of tax rates and rate class in older versions of tally . Read More

There has been some changes  in April 2012 with regards to PAN application form and fee for application  are  updated PAN is the acronym for Permanent Account Number .The definition of PAN as per Income tax is as follows “Permanent Account Number (PAN) is a ten-digit alphanumeric number, Read More

EPF is one of the fast changing organizations in terms of modernization .Recent few years we could find them expanding rapidly and simplifying its process for the benefit stakeholders using latest information technology .Last year EPF announced like SMS Alert. The next move is online Return and Read More

Individuals , Companies and other business entities must pay income tax if their income croses the limit prescribed by the government time to time.Nowadays tax payment made very easy using latest  information technology,after the introduction of Tax information system byNSDL we can pay tax by Read More

Service tax rate has been increased to 12%  with effect from 01.04.2012 in the budget announced in the parliament on 16-03-2012.This has increased from10%. The rate has been increased with a view to increase a further revenue around 18.5 crore.The budget has exempted 17 services which will  Read More

Finance minister has increased tax slab to give more freedom to tax payers in India, as per budget announced at parliament  the income limit which is not due for tax is Rs 200000/- .The important change to notice in common people taxation  is that the exemption for women has removed and brought Read More

Cricket, Bollywood and Marriage – these are 3 businesses that keep thriving irrespective of whether the economy is booming or is in Recession. The Money involved in these 3 Industries has been growing at a very rapid pace and all these jobs are now Specialist Jobs. We may consider the job done Read More

I have written an article on how to file the service tax return online last year, and found it useful for many of our readers; people asked various questions through our comment section for clarifying their doubts. However, I cannot respond to the entire queried rose by you. Here is the Read More

Usually in India Bankers accepts cheques, demand drafts, pay orders banker’s cheques for six months from the date of issue. This gives some benefits to customers like issuing postdated cheques. Government of India has notified the reserve bank of India that the above facility is misusing by Read More