[vc_row full_width=”stretch_row” bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”id^8379|url^http://localhost/bthawk/wp-content/uploads/2017/05/2-1.jpg|caption^null|alt^null|title^2-1|description^null” enable_overlay=”enable_overlay_value” overlay_color=”rgba(255,255,255,0.99)” el_class=”section38″ css=”.vc_custom_1496391664219{padding-top: 4% !important;}”][vc_column width=”2/3″][vc_custom_heading text=”Accounting” font_container=”tag:h2|font_size:34|text_align:left” use_theme_fonts=”yes” el_class=”vcr_heading-right” css=”.vc_custom_1557438010162{margin-bottom: 0px !important;}”][vc_column_text][dt_sc_separator][/vc_column_text][vc_column_text css=”.vc_custom_1557438124424{padding-right: 10% !important;}”]Income Tax Act mandates professionals and businesses to obtain a tax audit from a Chartered Accountant and maintain accounts if the turnover or profit exceeds a certain amount.[/vc_column_text][ultimate_spacer height=”10″][/vc_column][vc_column width=”1/3″][contact-form-7 id=”8441″][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” equal_height=”yes” content_placement=”top” el_class=”dt-sc-dark-bg” css=”.vc_custom_1554802605034{padding-top: 5% !important;}”][vc_column el_class=”rs_col-sm-12 dt-sc-dark-bg left-right-space” css=”.vc_custom_1496141359781{padding-top: 70px !important;padding-bottom: 60px !important;background-color: #202020 !important;}”][vc_custom_heading text=”What is Accounting?” font_container=”tag:h2|font_size:40|text_align:center” use_theme_fonts=”yes” text_transform=”uppercase” css=”.vc_custom_1557438018907{margin-bottom: 0px !important;}”][dt_sc_separator class=”aligncenter”][vc_column_text]

Every business with turnover exceeding Rs. 10 Lakhs has to mandatorily maintain books and accounts as prescribed by the income tax department. Accounting is required to know the actual position of profit and loss of a business and take required decisions as per the profit of the business. It is also necessary to take note of the taxability and follow the applicable compliances.

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