RBI has reduced validity of cheques from six months (counted from the date of cheques) and other similar instruments to three months. This means that if I issue a cheque today, it must be presented and clear before the expiry of three months. This limit was earlier
Read more →PROJECT REPORT- What is a project report WHAT IS A PROJECT? A Project is a projected OR possible course o action of chain of events in accomplishing any particular objective. This course of action is not limited to financial aspects only but includes all aspects. For Example
Read more →Upkeep of computerised accounts In this issue, we will discuss not what should go into accounts but how accounts should be maintained. Upkeep of accounts is very important area which is not accorded the importance it deserve. we will discuss upkeep of manual accounts and computerised accounts
Read more →INVESTMENTS by an NGO Introduction Investment are critical to proper management of fund. This documents attempts to deal with what investment is, what are types of investment and some of the idea for dealing with this complicated subject. Besides, this document also contain two chart for keeping
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Read more →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
Read more →Formation Of a New Society Over the years formation of a new Society has become complicated and is full of bureaucratic hurdle.This notes is being made to reduce possible harassment at the later stage. The following are basic steps required in the formation of a new society:
Read more →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
Read more →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
Read more →Options under the Income Tax BACK GROUND: Before we discuss under Income Tax Act, it will be essential for us to discuss the applicability of the Income tax Act to NGOs in brief.In this note by NGO, we mean charitable and Religious Societies. Income in the hand
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