Blog – Page 4 – Soatech

Regular Internal Audit to Improve Profitability

By adminSOA August 2, 2024Accounting Services, Blog, Business plans, Economics, Finance & accounting, Funding trends

In the previous article we had demonstrated how having effective controls in for of Standard Operating Procedures (SOPs) help in controlling frauds and reducing losses. Once the effective controls are…

Importance of Customer Feedback in Business

By adminSOA August 2, 2024Blog, ConsultingNo Comments

You delivered the service or goods to your customer. Then what happens next, you raise invoice and collect payments. This is what typically most of the business owners tend to…

How to Activate Success Switch in Business

By adminSOA August 2, 2024Blog, Business Transformation

What happens when you enter a room full of darkness, you switch the light in the room? Then boom… your room is filled with bright light and you see things…

Can we reduce the price to match the competitor’s price?

By adminSOA August 2, 2024Blog, Decision Making

It was quite a tense atmosphere at the boardroom of Haiethy Private lLimited. They had launched new line of product in the form of aluminum bottles for the kids segment…

Income Tax Update-No TDS on Reimbursement of expenses

By adminSOA August 2, 2024Blog, Income TaxNo Comments

In income tax act, there is practice not to deduct TDS on reimbursement of expenses, if there is no income element. However, time and again assessing officers try to add…

Transitional Provisions under GST Part6 –Treatment of Claim for Refund Pertaining to Taxes Paid Earlier

By adminSOA August 2, 2024Blog, GSTNo Comments

There could be a situation where refund has to be claimed for amount of cenvat credit or input tax credit paid before GST once becomes effective. This situation is addressed…

Whether Service Tax is Payable on AdSense Income?

By adminSOA August 2, 2024Blog, Service TaxNo Comments

With digitisation, it has become quite common to earn income from websites. One of the popular ways to earn money from website is google AdSense. So now the common question…

When IGST is applicable?

By adminSOA August 2, 2024Blog, GSTNo Comments

IGST is applicable on following types of transaction: When there is supply of goods or services in the course of inter-state trade or commerce and the location of the supplier…

How to Correct Wrong Assessment Year in TDS Challan

By adminSOA August 2, 2024Blog, Income TaxNo Comments

Many times it happens that we select wrong assessment year while making TDS payment. So now the question arises how to correct this error? There are two approaches to solve…

How to Remove a Director under Companies Act 2013

By adminSOA August 2, 2024Blog, Companies ActNo Comments

The process to remove director is covered by section 169 To which all situations does this section does not apply Director appointed by the Tribunal under section 242 Where the…