Accountx

Quick Audit Check! 📊
Be honest—when was the last time you checked if your Tally/Accounting Bank balance actually matches your Bank Statement?

If you are likely to pick the last two options, our latest video is a must-watch for you. We’re showing you exactly how to spot "major compliance gaps" before they turn into tax notices.

Watch here: https://youtu.be/0t-iSZsqZNs

2 days ago | [YT] | 3

Accountx

Scenario: The Indian government has actively promoted digital payments and a less-cash economy. For small businesses, this push also came with a specific tax incentive.

Question: What tax incentive is generally available to small businesses (under the presumptive taxation scheme) if they receive a significant portion of their turnover through digital modes instead of cash?

4 months ago | [YT] | 1

Accountx

Scenario: The Indian government has various bodies responsible for the administration of different taxes.

Question: Which central government body is responsible for the administration of direct taxes (like income tax and corporate tax) in India?

4 months ago | [YT] | 2

Accountx

Scenario: Smita lives in a rented apartment in Gurugram and pays ₹18,000 rent per month. However, her employer does not provide her with a House Rent Allowance (HRA) component in her salary.

Question: Can Smita still claim any tax benefit for the rent paid, even without an HRA component in her salary?

4 months ago | [YT] | 2

Accountx

Scenario: Deepa owns two house properties. One is self-occupied, and the other is rented out, generating ₹20,000 per month in rent (after allowing for municipal taxes). She took a home loan for the rented property and pays ₹1,50,000 as interest annually.

Question: Which ITR form would Deepa generally need to file, considering income from two house properties?

5 months ago | [YT] | 1

Accountx

Scenario: Rajesh started a small general store in Jaipur, Rajasthan, selling groceries. His annual turnover for the current financial year is projected to be ₹38 lakhs, all from sales within Rajasthan.

Question: Is Rajesh's general store mandatorily required to register under GST?

5 months ago | [YT] | 2

Accountx

What is the primary purpose of marine insurance in international shipping?

5 months ago | [YT] | 1

Accountx

"DDP" (Delivered Duty Paid) means the seller is responsible for:

5 months ago | [YT] | 2

Accountx

What does "Incoterms" refer to in international trade?

5 months ago | [YT] | 1

Accountx

What is the main purpose of a "Proforma Invoice"?

5 months ago | [YT] | 1