Practical compliance guides

Accounting and Bookkeeping · 9 min read

How to Calculate COGS in a Manufacturing Business (With Example)

Opening stock, purchases, direct labour and overhead absorbed into finished goods. Set out with the working, not just the rule. Browse the glossary.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

The 85% Income Application Rule for Educational Trusts Explained

Apply 85% of income to your objects, or accumulate it formally in Form 10. The rule, the threshold and what it means in practice. Browse the glossary.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

Fund-Based Accounting for Schools and Colleges: A Practical Primer

Keeping fees, grants and corpus in separate funds, and why auditors insist. The rule, the threshold and what it means in practice. Explained by a CA.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

Section 10(23C) vs 12A: Tax Exemption Routes for Educational Institutions

Two exemption routes, different thresholds and different filings. The rule, the threshold and what it means in practice. Written by qualified CAs.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

Do Schools and Colleges Pay Income Tax in India?

When an institution is exempt, and what breaks that exemption. The rule, the threshold and what it means in practice. With the disclosure checklist.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

How to Account for Returns, RTO and Credit Notes in E-Commerce

How to book returns and undelivered orders without overstating revenue. The rule, the threshold and what it means in practice. With a worked example.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

Section 194-O TDS on E-Commerce Operators: A Seller's 0.1% Guide

0.1% deducted by the marketplace on gross sales, before fees are netted off. The rule, the threshold and what it means in practice. Explained simply.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

How to Reconcile Amazon & Flipkart Settlement Reports With Your Books

Tying payouts back to orders, commission, returns and the tax withheld. The rule, the threshold and what it means in practice. With a worked example.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

Is GST Registration Mandatory to Sell on Amazon or Flipkart in India?

When the threshold exemption applies to marketplace sellers, and when it does not. Set out with the working, not just the rule. Explained simply.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

The 7 Functions of Accounting and Why Each Matters for Compliance

Recording, classifying, summarising and reporting - what each one delivers. The rule, the threshold and what it means in practice. See related terms.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

CA vs ACCA vs CPA: Which Accountant Does Your Business Need?

Which qualification can sign what in India, and where that matters. The rule, the threshold and what it means in practice. Updated for Indian rules.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 8 min read

How Much Does a CA Charge for Monthly Accounting in India?

What Indian firms actually charge monthly, by turnover and transaction volume. Set out with the working, not just the rule. Updated for Indian rules.

CACA Puja Pradhan · Jul 20