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EPFO decides to credit part of 8.5 % interest for FY20

EPFO decides to credit part of 8.5 % interest for FY20 Retirement fund body EPFO on Wednesday decided to credit an area of 8.5% interest on employees provident fund for 2019-20 into the account of its around 6 crore subscribers. The decision to produce 8.15% interest on EPF has been taken...

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Evergreen Carrier in Accounting

Evergreen Carrier in Accounting What does Accounting means? In simple words, we can say that “Accounting is the process of keeping financial accounts. It estimates the Financial activities of an organization and forwards this information to a investors, creditors,debtor...

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  • 19-Apr-2020

Important Step For Telephonic Interviews

Important  Step for Telephonic Interviews  Written by AIAT Institute, Nagpur, for those person who are looking for temporary, part-time or full-time JOB in the Accounts and taxation sectorGetting your resume  and cover letter seen is often the hardest part so once you get through t...

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  • 07-Apr-2020

GST Rates For Mobile Phones, Matchsticks, MRO Services Notified

The Central Board of Indirect Taxes and Customs (CBIC) notified new goods and services tax (GST) rates for mobile phones, matchsticks and maintenance and repair operation services for aircraft. Mobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of mat...

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What Is Bank Reconciliation

What is Bank Reconciliation A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to...

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How To Link PAN With Aadhaar

The Supreme Court (SC) has allowed linking of PAN with Aadhaar while reading out its verdict on the constitutional validity of Aadhaar. The apex court also said that quoting Aadhaar number is a mandatory to file income tax return (ITR) and for applying for a new PAN. As per the Central Board of D...

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