Income Tax Alert
IncomeTax Alert : As per recent Supreme Court Judgement, Entries in Loose Papers/Sheets are not ‘Books of Accounts’ and has No Evidentiary Value. Read more at: http://www.taxscan.in/entries-loose-paperssheets-not-books-accounts-no-evidentiary-value-sc-read-judgment/5147/ Hence it is advisable to maintain proper books of accounts viz. Receipt Books, Payment Vouchers, Bill Books, Expense Bills, Profit & Loss Account, Balance Sheet etc. to bring tax savings. We have built our latest product, Tally.ERP 9 Release 5 – to help you comply with all account books and taxes applicable to your business today and also help prepare you for GST . The product will enable you to maintain all types of business transactions, detect errors if any, guide you with which transactions should be a part of your returns and prepare the final tax returns which can be submitted to tax authorities. All this, with a lot of speed and ease so that taxes are managed by us while you can focu...