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Figyan

A resource site for beginners with easy to understand income tax, gst, and finance tutorials for mastering the basics and beyond.

  • Income Tax
    • Income tax slabs FY 2024-25 (AY 2025-26)
    • Income tax slab & rates for FY 2023-24 (AY 2024-25)
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    • Important dates in income tax
    • Ultimate Guide to Salary Taxation in India
    • How TDS on Dividend Income Works in India
  • GST
    • Top 10 GST Mistakes
    • Income Tax vs. Goods and Services Tax (GST)
    • GST e-Way Bill
    • How to identify a fake GST bill
    • Invoices issued under GST law
    • GST Reconciliation-Form GSTR-9C
    • GST Annual Return Form GSTR-9
  • TDS
    • Guide to TDS on Interest Income: Section 194A
    • TDS on Payments to Contractors and Professionals: Section 194M
    • Section 194T: TDS on Payments to Partners of Partnership Firms
    • Section 194J: TDS on fees for professional or technical services
    • TDS on commission and brokerage – Section 194H
    • Section 194D – TDS on Insurance Commission
  • MOA Main object – Samples
    • Consulting company
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    • Restaurant
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Editorial Staff

Ex parte

Last modified on December 18, 2023 by Editorial Staff

Ex Parte is a latin term. It means, done with respect to or in the interest of one side due to non-appearance of the opposition.As per our law, both the parties should be given equal opportunity to present them before passing any order.However, in certain cases, courts may pass an ex parte decree (an official order given by a government). For instance, when after … [Read more...] about Ex parte

Accounting Equation

Last modified on December 18, 2023 by Editorial Staff

Accounting equation is the primary principle of accounting and the basic element of the balance sheet. It states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.The accounting equation ensures that the balance sheet remains balanced. This means any change in the assets of a company should have equal impact/change in … [Read more...] about Accounting Equation

Please find attached-Meaning and Alternatives

Last modified on November 10, 2023 by Editorial Staff

Please find attached means you are saying that something is attached to your email which needs special attention from the recipient. Its like "please check the attached file". It simply means you are sending the file for the reader’s inspection or analysis.For example: you may say “please find attached a summary of our presentation”. Instead you can say “enclosed … [Read more...] about Please find attached-Meaning and Alternatives

List of business or profession code for company registration

Last modified on December 18, 2023 by Editorial Staff

If the source of income of the proposed company is Income from business/profession, then you need to enter the Business/ Profession Code. Here is the list to help you identify your Business/ Profession Code.Business/Profession CodeBusiness/ Profession1Medical Profession and Business2Engineering3Architecture4Chartered Accountant/Accountancy Technical Consultancy5Interior … [Read more...] about List of business or profession code for company registration

List of Main division of industrial activity code of the Company

Last modified on April 20, 2022 by Editorial Staff

For a Company Registration, you are required to enter Main division of industrial activity of the Company while applying for company name. Similarly, in case of LLP registration, you are required to enter business/professional code.Here is the entire list of Main division of industrial activity of the Company to help you identify your own matching to your … [Read more...] about List of Main division of industrial activity code of the Company

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