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Archive for the ‘Accounting’ Category

All About Tax Deductions

All About Tax Deductions What is Tax Deducted At Source Deduction of tax is a method of collection of tax. This system is meant to check evasion of tax and to regulate collection of tax. For example, suppose a contractor construct a house for Rs. 5,00,000/-. After

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MICR Codes

What is MICR Codes MAGNECTIC INK CHARACTER RECOGNITION In MICR (Magnetic Ink Character Recognition) technology the information is printed on the instrument with a special type of ink which is made up of magnetic material. On insertion of the instrument in the machine, the printed information is

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Upkeep of Accounts

What is upkeep of accounts ? Upkeep of accounts indicates the way accounts books has been kept. It should be maintained properly kept safely and securely. Further they should be easily accessible. It should also be easy to get information from such books as when required and

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