Indian is an agriculture based economy, many activities are being carried out in way to raise live animals, crop harvesting & selling etc. Organized and unorganized both sectors operate agricultural activities. Although under the current accounting systems there is nothing…
A deduction from an Income is the investment / expenditure made by person that help to save the tax. Income tax deduction reduce gross income of the person i.e. the income on which is tax has to be paid. In…
Bank Guarantee is a promise from a Bank on behalf of a person that if a guaranteed person defaults on a specified contract or agreement, the bank will cover loss. Bank Guarantee is non fund based limit. Bank Guarantee is…
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