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In today's data-driven world, the ability to effectively manage, analyze, and interpret information is more crucial than ever. Microsoft Excel, often dismissed as a simple spreadsheet program, has emerged as a powerful tool that transcends its numerical origins. While proficiency may not be required for every profession, possessing a foundational understanding of Excel empowers individuals across various fields and aspects of life. This essay will explore the compelling reasons why everyone, regardless of background or career path, should consider learning Microsoft Excel. Firstly, Excel's ubiquity makes it a universally valuable skill. As the leading spreadsheet software, it permeates countless industries and job functions [1]. From finance and accounting to marketing and project management, the ability to navigate Excel demonstrates a level of digital literacy increasingly sought after by employers. Even in non-traditional fields like art and design, Excel can be used for dat...

We have already explained in our previous post that how you can earn Securely from Stock Market within 10 Days. This required minimum investment and highest returns where not much technical knowledge and experience about the stock market is required. More than 50% of Returns in just 10 days through an IPO is the best scheme in Stock Market. Those who are beginners, they can check out the post and learn about this method in a detailed manner. The link is here: Best Way to Invest in Stock Market Today we will tell you "Why Investment in Stock Market is better than any other Investment Methods"? We, Will, explain this with proper Examples. Let's get started: Most of the people in India invest in Fixed Deposits, Public Provident Fund, Life Insurance, Post Office Saving Schemes, etc. because these schemes provide Risk-Free Fixed Rate of Interest, these are Government approved schemes where chances of loss of investment amount are Zero percent and this doesn't require freq...

I have gone through the Confusions and Questions of many people that "Do they compulsory required a CA for the filing of Income Tax Returns and other Tax Returns" So, today we are here to give the answer of this question You don’t need to hire any CA to file the Tax Returns (in most of the cases) but there are some cases or situations where the signature of CA’s are required. Let’s discuss about the filing guidelines of Main 3 Tax Returns in India: Income Tax Returns Income Tax is the most used Tax Concept by every group of Individuals in India. When you cross the certain criteria of Income, you need to File Income Tax Returns Every Year, Individuals hire CA’s and Tax Consultants to file their returns but over the years the government has made the process of filing so easy that every individual having basic knowledge about Taxation and General English can file it’s ITR 1. But in case of ITR 2 to ITR 7, you need to hire a Professional Tax Consultant. There are many cases where...

Basically Account Maintenance Charges are deducted by the Banks where they consider as Bank Charges and Doesn’t need to Deduct TDS on it by the service receiver But if the AC Maintenance Charges are receiving from other institution or From Vendor then it will comes under section 194 C (TDS on Contractor and sub contractor) Note: You are required to Deduct TDS only if the Transaction fulfilling one of the below conditions, otherwise not required to Deduct TDS 1. Annual Transaction increases 1,00,000 with the same vendor 2. or the Single Invoice exceeds 30,000 in any period You need to deduct TDS at the rate of 1% (if Individual & HUF) and 2% (in case of other than Individual & HUF) Note: TDS Rates for the Financial Year 2020–21 has been reduced by 25% by the government so the Rates will be (0.75% & 1.50% respectively) 

Whenever we Buy a Property worth Rs. 50 Lakhs or Above, we have to deduct the 1% of TDS (Rate for the Financial Year 2020-21 is 0.75%) from the Payment amount. TDS Always calculated on the Basic Vale of Property before Stamp Duty and other Municipal Charges. Then the Deducted amount needs to be deposited in the Govt.'s account mentioning the PAN Number of the Seller so that they can can claim the TDS credit at the time of ITR Filing. Form 26QB needs to file while making the TDS Payments on the Purchase of Property. How to Pay TDS under section 26QB (Purchase of Property)? 1. visit  TIN.NSDL  Website. 2. Under the Services Menu on The Top go to  "e-TDS/TCS Option" 3. Then a page will open. Find there  "Pay Taxes Online"  Menu and click on  "Click to Pay Tax Online" 4. A new Tab will open where we can Pay almost all type of Government Taxes like: TDS, Income Tax, Advance Tax etc. Scroll Down and find "TDS on Property (26QB)"  and Click on Proce...

Tally:  The widest using Accounting software in India and its neighbor country launched in 2009. Tally is the purely INDIAN Software. The simplicity & lots of feature makes Tally best among other accounting software. Tally provides numerous features related accounting, auditing, Inventory management & banking etc. Features providing by Tally software are as follows: 1. Book Keeping & Voucher Entries: Entering of Purchase, Sales, Receipt, Payments, Credit Notes, Journal Vouchers and Debit & Credit Notes etc. 2. Accounting: Recording of Transactions and Analysis of reports on Daily, Weekly, Monthly, Quarterly, Half Yearly & Yearly basis 3. Stock & Inventory Management: Management of Physical Stock, Share Market Stocks Management, Item wise bifurcation, Stock Ledger, FIFO, LIFO analysis etc. 4. Multiple Branch Accounting: Multiple Godown transfers, Transfer of Stock from one place to another etc. 5. Billing & Invoicing: Pre...

Tally ERP: A widespread and most famous name in the field of Accounting. An accountant can know the value and importance of this software. From the beginning of our professional life, Teachers & Coaching Institute teach us Tally on first priority then other Taxation & other topics. Tally is the simplest & easy to understand software of all time. Like its tagline says: Power of Simplicity . It is simple but the features are available in the number of tons. Basic of Tally ? Tally Solutions Pvt. Ltd., is an Indian multinational company that provides enterprise resource planning software. It is headquartered in Bengaluru, Karnataka India. The company reports that its software is used by more than 1.8 Million customers. It was founded in 1986by Shyam Sunder Goenka & Bharat Goenka. There are numerous software's are available in the market like Busy, Marg etc. but Tally ERP has its own separate identity.  What are the features of Tally ERP? Tally offers numerous functions ...