TDS return filing: Quarterly submission of a statement to tax authorities, detailing deducted taxes at source, ensuring compliance.
Income tax return (ITR): Annual filing to report income, calculate tax, and ensure compliance with tax regulations.
Accounting: Recording and analyzing financial transactions. Taxation: Assessing and collecting taxes for compliance with tax laws; essential for financial management.
A balance sheet is a concise financial statement summarizing a company’s assets, liabilities, and equity at a specific moment, offering a snapshot of its financial health.
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